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                                                                                                                                                                                               economic reasons, as a percent of
                                                                                                                                                                                               The Underemployment Rate represents total unemployed, plus all marginally attached workers, plus total employed part time for
                                  U.S. Labor Market Trends
                                                                                                                                                                                            The Unemployment Rate represents total unemployed, as a percent of the civilian labor force















                                                                                                                                                                                                        FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY.
                                                                                                                                                                                        Source: Bloomberg; Bureau of Labor Statistics; GWCM Analysis

                                                                                                                                                                                                  the civilian labor force plus all marginally attached workers
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