use the following data for the US economy, from Jan 1960 to Dec 2023, at monthly frequencies: i. All employees, Total Nonfarm (seasonally adjusted); ii. Number of Unemployed for less than 5 weeks (seasonally adjusted); iii. Unemployment Level (seasonally adjusted

a) Plot the series for the job separation rate ? and the job finding probability ?in two graphs. Discuss and interpret possible patterns and relationships that you find in these data series.

FRED - Number Unemployed for Less Than 5 Weeks 16,000 14,000 12,000 10,000 8,000 Thousands of Persons 6,000 4,000 2,000 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.stlouisfed.orgFRED - Unemployment Level 24,000 20,000 16,000 12,000 Thousands of Persons 8,000 4,000 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.stlouisfed.orgFRED - All Employees, Total Nonfarm 160,000 140,000 120,000 100,000 Thousands of Persons 80,000 60,000 40,000 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org