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Suppose that we have the following data: Employed at the beginning of the month18,496 Unemployed at the beginning of the month3,264 Population over 16 at

Suppose that we have the following data:

Employed at the beginning of the month18,496

Unemployed at the beginning of the month3,264

Population over 16 at the beginning of the month32,000

1b. Suppose that over the course of the month 370 employed people lost their job and 751 unemployed people found jobs. Estimate the job-finding rate and the separation rate.

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