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The table below presents the UK monthly unemployment figures for the period January 2015 to December 2019. Using the various statistical methods taught on the
The table below presents the UK monthly unemployment figures for the period January 2015 to December 2019. Using the various statistical methods taught on the module (e.g.,graphical techniques, descriptive statistics, hypothesis testing, time-series techniques), write a report discussing the evolution of unemployment in the UK during this time period.
UK Monthly Unemployment 2015 - 2019
2015 | 2016 | 2017 | 2018 | 2019 | |
JAN | 1840 | 1700 | 1550 | 1419 | 1343 |
FEB | 1826 | 1687 | 1527 | 1417 | 1298 |
MAR | 1813 | 1666 | 1520 | 1416 | 1304 |
APR | 1848 | 1648 | 1489 | 1408 | 1292 |
MAY | 1849 | 1643 | 1485 | 1362 | 1329 |
JUN | 1822 | 1635 | 1457 | 1358 | 1294 |
JUL | 1779 | 1668 | 1452 | 1363 | 1314 |
AUG | 1760 | 1618 | 1429 | 1377 | 1306 |
SEP | 1715 | 1613 | 1422 | 1373 | 1281 |
OCT | 1687 | 1602 | 1437 | 1370 | 1306 |
NOV | 1688 | 1585 | 1463 | 1363 | 1290 |
DEC | 1684 | 1573 | 1451 | 1338 | 1343 |
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