Months: Feb. 2020 (pre-pandemic), April 2020, Septermber 2022 Unemployment rate (in order of months above) 3.5%, 14.8%, 3.5% Labor force participation rate (in order of months above) 63.4%, 60.2%, 62.3%

1. Describe what happened between February 2020 and October 2021 using the unemployment and labor force participation rates provided above. You must JUSTIFY these changes using rationale from this chapter (don't just say "pandemic").

2. The data for October 2022 look like this: Unemployment rate 3.7% Labor force participation rate 62.2% Would this be good news, bad news, mixed news or what? Explain what might be happening.