Question
Part I Using the Bureau of Labor Statistics website (see slide #14 of the Summarized Lecture Notes for Module 4) find the following labor force
Part I Using the Bureau of Labor Statistics website (see slide #14 of the Summarized Lecture Notes for Module 4) find the following labor force statistics for May 2022 (6 points) Civilian noninstitutional population age 16 and older = ? Civilian labor force = ? Civilian labor force participation rate = ? Employed = ? Employment-population ratio = ? Unemployed = ? Unemployment rate = ? Not in the labor force = ? Want a job now = ? Part II 1. Using the FRED database, find the 12 highest unemployment rates recorded in the U.S. since 1948 corresponding to each of the 12 recessions. See slides 36-43 of the Summarized Lecture Notes for Module 4. You will not find all your answers on those slides. You will need to pull the data directly from the FRED, and by moving your cursor over the blue line (the time series for the unemployment rate), you should be able to easily locate all the 12 rates. (2 points) 2. Using the FRED database, find the 3 lowest unemployment rates in the U.S. since 1948. Follow the same instruction as above.
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