2. Graph the behavior of the civilian unemployment rate from 1961 until the present using monthly data.

Question:

Vertical gray bars in FRED indicate periods of reces sion. In terms of the unemployment rate, how does the severity of the recession of 2020 compare with the recessions of 1969–1970, 1973–1975, 1980, 1981–1982, 1990–1991, 2001, and 2007–2009? How does the behavior of the unemployment rate over the 2000s and 2010s compare to its behavior in the 1960s, 1970s, 1980s, and 1990s?

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