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?