Problem 4. Visit the BLS website (https://data.bls.gov/cgi-bin/surveymost?bls) . Download the following data series from 2001 to December
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Problem 4. Visit the BLS website (https://data.bls.gov/cgi-bin/surveymost?bls) . Download the following data series from 2001 to December 2023.
- UnemploymentRate(SeasonallyAdjusted)-LNS14000000
- CPIfor All Urban Consumers(CPI-U) 1982-84=100 (Unadjusted)- CUUR0000SA0
Hint.To get the data in a nice format, click "More formatting options" and choose the column format beforedownloading.Notealsothatyoumayhavetocleanthedataasyouonlywantthemonthlydata in the graphs.
- Plotthemonthlyunemploymentrate.
- Calculatemonth-on-monthannualinflationforurbanconsumers.(Hint.TogetJuly-on-Julyannual inflation for the current year, calculate the inflation rate from July last year to July this year.
- A. Plotthe inflation. B. Whenwasinflationatitshighest? C. whenwas it lowest?
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