Provide the following data from bls.gov and answer the questions based on the data you’ve collected.

I’m working on a economics discussion question and need an explanation and answer to help me learn.

1.

Provide the following data from bls.gov and answer the questions based

on the data you’ve collected. Graphs can be copied off the BLS and made

through Excel’s recommended charts function. Make sure all graphs have

marked legends and the trends can be clearly understood based on color

coding.

• Graph the seasonally adjusted unemployment rate from 1948 to 2022. Explain why unemployment increases around 2008 and 2020.

• Graph the non-seasonally adjusted unemployment rate for age groups

16-24, 25-54, 55-64 and 65 and above since 2010. Explain why the

unemployment rate is different for different age groups.

• Graph the seasonally adjusted unemployment rate for Whites, Black and

African Americans, Hispanics of all racial groups, and Asians since

2010. Explain the differences in unemployment rates for different racial

and ethnic groups.

• Graph the non-seasonally adjusted unemployment rates for all groups

above ages 25 and over with high school degrees, only bachelor’s degrees

and with advanced degrees. Explain the differences in unemployment

levels among people of different educational levels.

2.

Inflation

• Measure and Graph inflation rate from 2008-2022 based on urban CPI

data (all urban consumers, US City Average, All items) from BLS.

• What was the inflation rate for 2022 with base year 2021?

• What was the inflation rate for 2022 with base year 2008?

• If you had $10000 in 2022, what would be its equivalent in 2008 dollars?