Rate:
Refer to the above information and the links (Unemployment
https://fred.stlouisfed.org/graph/?g=17fgG and Labor-Force Participation
Rate: https://fred.stlouisfed.org/graph/?g=17fgl) and document employment situation.pdf to
answer the following questions:
1. Explain which type of unemployment (cyclical or natural unemployment) was occurring
then (in 2020)? https://www.stlouisfed.org/education/economic-lowdown-video-
series/episode-10-unemployment
2. Discuss which type of unemployment (cyclical or natural unemployment) is occurring
presently around June and August 2023?
https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-10-
unemployment
Fig: 1