Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
a. Find the most recent values for these three variables: (1) Unemployed (UNEMPLOY), (2) Civilian Labor Force (CLF16OV), and (3) Employment Level - Part Time for Economic Reasons, Slack Work or Business Conditions (LNS12032195). Are these data reported annually, quarterly, or monthly? What units are these values reported in?
b. Using the values you found in part (a), calculate the civilian unemployment rate and the civilian unemployment rate including persons who are underemployed (part-time for economic reasons).