Which metric of unemployment peaked first second third last

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Problem

Using the Labor Force Statistics from the Population Survey Historical Data perform the following operations-

a. Using data from the A-15 alternative measures of labor underutilization historical seasonally adjusted data for all months from 2008-2018 create four separate graphs representing the U3, U4, U5, & U6 rate (use the BLS graph generating function then cut images and past into this Word file)

b. For the period of the great recession (12/07-6/09), which metric of unemployment peaked first, second, third, last? Based on this, which would serve optimally as a leading indicator of a recovery?

c. Assuming the Civilian Non-institutional Population grows at the same rate as our overall population (1% average per year), determine how many jobs must be added per month to ensure all new Civilian Labor Force participants have a job available. (Use the January 2018 labor force participation rate to solve this problem) Based on your data from the January 2018 Establishment Survey did we achieve this goal?

Reference no: EM131938266

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