Using the following link briefly describe or definethe unemployment rate. See this link: https://fred.stlouisfed.org/series/UNRATE 1. Use the

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Using the following link briefly describe or definethe unemployment rate.

See this link: https://fred.stlouisfed.org/series/UNRATE

1. Use the following link to discuss the following questions. Give an approximate level of the unemployment statistic.

See this link: https://fred.stlouisfed.org/series/UNRATE

List the approximate unemployment rate for the following dates:

A. May 2007 4.4%

B. Sept 2009 9.8%

C. January 2020 3.5%

C. April 2020 14.7%

D. March 2022 3.6%

E. For the period 2007 to 2022, what timeframe had the highest unemployment rate?

F. For the period 2007 to 2022, what timeframe had the lowest unemployment rate?

2. Using the following link briefly describe or define the Nonfarm payroll number.

See this link:https://fred.stlouisfed.org/series/PAYEMS (All employees Total Nonfarm Payroll)

Find approximate non-farm payroll data for

A. May 2007

B. Sept 2009

C. January 2020

C. April 2020

D. March 2022

3A. For the period 2007 to 2022, explain using the unemployment rate, when where the peaks of the business cycle? Your answer should include the approximate months and years.

3B. For the period 2007 to 2022, explain using the nonfarm jobs number when where the troughs of the business cycle. Your answer should include the approximate months and years.

3C. Briefly explain, how do the unemployment rate and the nonfarm payroll number change in terms of the business cycle.

3D. What is the relationship between changes in unemployment and changes in the Nonfarm Payroll number?(As one number changes what is happening to the other number?) Give an example.

3E. What is the relationship between unemployment and nonfarm jobs numbers to aggregate demand? Explain the relationships.