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1. Consider the data in Table l for February 2021 and January 2022. (a) Calculate a 3 (rate of job separation) and, f a rate
1. Consider the data in Table l for February 2021 and January 2022. (a) Calculate a 3 (rate of job separation) and, f a rate of job nding using this data for each of the two months. (b) What is the implied natural rate of unemployment(f0r each of the two months)? Do you think this is the right way to calculate the natural rate of unemployment. Why or why not? (c) Using the necessary data from the table calculate the actual unem- ployment rate. Table 1: Question 1 Feb21 Jan22 Flows into employment Total employment 149,522 155,618 Employed to employed 1421702 148,462 Unemployed to employed 2,559 1,540 Flows into unemployment Total unemployment 10,486 7,207 Employed to unemployed 1,809 2,237 Unemployed to unemployed 6 .218 2,9 72
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