Creating Economic Opportunities to People with Arrest or Conviction Records

One in three Americans has either an arrest or conviction record, they can create barriers to getting a job to getting housing to getting an education. People who have spent time in prison tend to earn around half as much annually compared to their peers. People who are very much similar to them in other suspects who do not have criminal record, even a misdemeanor conviction can reduce someone's annual earnings by around 15%. Over the last three years, roughly 10% of our new hires have been people with criminal records, whose history had no bearing on the job that they were being hired to do. And that fit within our regulatory framework. JPMorgan Chase is a Ban the Box Company, what that means is we do not ask about someone's criminal backgrounds. During the application or selection process. It's important so that they get a fair shot, and that their skills and their talents, speak for them.