The Bureau of Labor Statistics (BLS) produces useful data on the US labor market. In this question, you will consider civilian unemployment rate. Download the data from FRED:

https://fred.stlouisfed.org/series/UNRATE

1.Construct a well-labeled plot of the civilian unemployment rate of the US for the entire sample.

Upload an image of your answer as a jpeg, png, or pdf file.

2.Enter the exact number that appears in the data.

3.What is the highest value at which the unemployment rate in the US has been observed?

Enter the exact number that appears in the data.

4.In which year was the unemployment rate in the US the highest?

Enter the exact number that appears in the data.

5.What is the lowest value at which the unemployment rate in the US has been observed?

Enter the exact number that appears in the data.

6.In which year was the unemployment rate in the US the lowest?

Enter your answer as a four digit integer.

7.Compute the average unemployment rate for the US for the entire time period.

Enter your answer as a four digit integer.