2. The table below presents actual household data collected by the BLS for September 2019 and September 2020. HOUSEHOLD DATA Summary table A. Household data, seasonally adjusted [Numbers in thousands] Category Employment status Civilian noninstitutional population.. Civilian labor force.. Participation rate. Employed..... Employment-population ratio. Unemployed... Unemployment rate.. Not in labor force.... Sept. 2019 Sept. 2020 158,298 147,563 5,753 12,580 95,587 100,599 a. Use the information in the table above to compute the numerical values for the following categories, for Sept. 19 and Sept. 20 (0.25 points each, total of 2.5 points). Provide also the equation or formula you used to calculate each category (0.5 per equation, 2.5 points total): Population Labor force Participation rate Employment-population ratio Unemployment rate Sept. 2019 Sept. 2020 b. Refer to the values you computed in the table above to answer the following: 8 b. Refer to the values you computed in the table above to answer the following: 8 9 Did the unemployment rate increase or decrease from Sept. 2019 to Sept. 2020, and by how much (percentage point)? (1 point) What is the percentage change of the increase or decrease? (1 point) How about the participation rate, did it increase or decrease, and by how much? (1 point) 3. The table below shows the unemployment rates across different educational levels in the population for September 2019 and September 2020. Category Unemployment rates Total, 25 years and over.... Less than a high school diploma... High school graduates, no college. Some college or associate degree.... Bachelor's degree and higher... Sept. 2019 Sept. 2020 2.9 7.1 4.8 10.6 3.6 9.0 2.9 8.1 2.0 4.8 a. For September 2019 and for September 2020 separately, what educational group(s) exhibit an unemployment rate that is above the national unemployment rates you computed in part 2? (2 points) b. Provide one intuitive explanation for this based on what we have learned in class. (2 points) What type of unemployment is this related to? (2 points)