ECON 201 James Madison University The National Unemployment Rates & Trends Report

Question Description

Visit the Bureau of Labor Statistics Website at https://data.bls.gov/timeseries/LNS14000000 (Links to an external site.)

1. Create a table with the National Unemployment rates from February 2020 through October 2020.

What trend(s) do you observe?

Next, review the employment situation summaries from March 2020 and October 2020. These summaries are available at: https://www.bls.gov/covid19/effects-of-covid-19-pandemic-and-response-on-the-employment-situation-news-release.htm (Links to an external site.).

2. What prompted the decline in non-farm payroll employment in March 2020?

3. What sectors are currently driving the job gains in the US economy?

The Data Exercise must be uploaded to Canvas as a single Attachments in a doc, docx or pdf format. OTHER FORMATS ARE NOT ACCEPTABLE, will not be reviewed or graded.

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