In 2014 the unemployment rate for people with only a high school education was 6%, while it was just 3.5% for those with a bachelor's degree, and less than 3% for those holding a master's degree. In effect, someone who has not graduated from college is twice as likely to be unemployed as someone who has.
In the U.S., XO owns and operates one of the largest IP and Ethernet networks that customers rely on for private data networking, cloud connectivity, unified communications and voice, Internet access, and managed services. The company, initially named NEXTLINK, first launched voice communications services on July 4, 1996.
Previously, PIMCO had functioned as a unit of Pacific Life Insurance Co., managing separate accounts for that insurer's clients. In 2000, PIMCO was acquired by Allianz SE, a large global financial services company based in Munich, Germany, but the firm continues to operate as an autonomous subsidiary of Allianz.