Go to the St. Louis Federal Reserve FRED database, and find data on the civilian unemployment rate
Question:
Go to the St. Louis Federal Reserve FRED database, and find data on the civilian unemployment rate (UNRATE) and a measure of the natural rate of unemployment (NROU).
a) Calculate the cyclical unemployment rate for the most recent month available, and for one and two years prior.
b) Given the changes in cyclical unemployment over these periods, what can you conclude about growth in the economy?
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Step by Step Answer:
To perform this task you would need access to the St Louis Federal Reserve FRED database or a similar database that provides data on the civilian unem...View the full answer
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