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Q2 Unemployment Duration Data for the US 11 Points The Bureau of Labor Statistics (BLS) produces useful data on the US labor market. In this
Q2 Unemployment Duration Data for the US 11 Points The Bureau of Labor Statistics (BLS) produces useful data on the US labor market. In this question, you will consider average unemployment duration. Download the data from FRED: http://research.stlouisfed.org/fred2/series/UEMPMEANSince unemployment rate duration data is in units of weeks, thejob finding rate f is the four times the reciprocal average unemployment duration: 4 average duration Construct a well-labeled plot of the month lyjob-finding rate for the US for the entire sample. Upload an image of your answer as a jpeg, png, or pdf file
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