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In class we analyzed the U.S. labor market as a whole. In this question we dig deeper and see what is happening at State level.
In class we analyzed the U.S. labor market as a whole. In this question we dig deeper and see what is happening at State level. You are asked to do two things: Construct a scatter plot relating the unemployment rate and the job-opening (vacancy) rate for each State in the U.S. (in the figure each observation represents data from a single State). Compute a regression between the two variables, what do you see? Relate and explain this relationship to concepts we have seen in Week 3 in class
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