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review and analyze the graphs developed using the FRED graphing tool. Note that the shaded areas on the graph show periods during which there were

review and analyze the graphs developed using the FRED graphing tool. Note that the shaded areas on the graph show periods during which there were recessions.

  • an assessment of the labor market during the period of the Great Recession (2007 to 2009). Compare to the time before and after the great recession.
  • comparative analysis of the performances of the variables versus FRED's UNRATE variable.
  • analyze the economic factors that account for the differences in unemployment rates of one of the graphs

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Measuring Unemployment Items A-D below will require the analysis of Multi-Series Graphs. A. Measures of Unemployment 1. The Civilian Unemployment Rate (FRED code: UNRATE) from 1997 (January) to 2019 (January). (Note: this is the official Unemployment Rate) 2. A Multi-Series Graph and plot Special Unemployment Rate (FRED Code - UGRATE) from 1997 (January) to 2019 (January). (Note: this is Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part-Time for Economic Reasons, as a Percent of the Civilian Labor Force plus all Marginally Attached Workers). FRED~ - Civilian Unemployment Rate Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons 17.5 15.0 12.5 Percent 10.0 7.5 5.0 2.5 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Shaded areas indicate U.S. recessions Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org Figure 1: Civilian Unemployment & Total UnemploymentB. Educational Attainment 1. Unemployment Rate - Bachelor's Degree and Higher, 25 years and over (FRED code: LNS 14027662) from 1997 (January) to 2019 (January). 2. A Multi-Series Graph and plot Unemployment Rate - High School Graduates, No College, 25 years and over (FRED code: LNU04027660) from 1997 (January) to 2019 (January). FRED ~ - Unemployment Rate: College Graduates: Bachelor's Degree and Higher, 25 years and over - Unemployment Rate: High School Graduates, No College, 25 years and over 12 11 10 Co Percent A w N - 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 op Shaded areas indicate U.S. recessions Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org Figure 2: Unemployment Rate: College Graduates & High School GraduatesC. Gender 1. Unemployment Rate - Men (FRED code: LNS14000001) from 1977 (January) to 2019 (January). 2. A Multi-Series Graph and plot Unemployment Rate - Women (FRED code: LNS14000002) from 1977 (January) to 2019 (January). FRED ~ - Unemployment Rate: Men - Unemployment Rate: Women 12 11 10 Mim Co ww Percent wv w 1980 1985 1990 1995 2000 2005 2010 2015 Shaded areas indicate U.S. recessions Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org

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