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

1d. Suppose that advances in AI make reviewing resumes of job applicants easier for HR professionals and as result the job-finding rate goes up to 0.35. What do you think will happen to the separation rate? What is your qualitative prediction about the unemployment rate?