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/UEMPMEAN

1. Construct a well-labeled plot of the average unemployment duration for the US for the entire sample.

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2. Compute the average of average unemployment duration for the US for the entire time period.

Round your answer to at least three decimal places.

3 . Since unemployment rate duration data is in units of weeks, the job finding rate f

f is the four times the reciprocal average unemployment duration:

f = 4 / average duration

Construct a well-labeled plot of the monthly job-finding rate for the US for the entire sample.

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thank you very much!