The table below shows unemployment data for the U.S. that is seasonally adjusted

Question

The table below shows unemployment data for the U.S. that is seasonally adjusted. Construct a time series plot of this data and comment on any features (source: U.S. Bureau of Labor Web site http://data.bls.gov) Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 5.6 5.5 5.6 5.6 5.2 5.2 5.4 5.4 1997 5.3 5.2 5.2 5.1 4.9 5.0 4.9 4.8 4.9 4.7 4.6 4.7 1998 4.6 4.6 4.7 4.3 4.4 4.5 4.5 4.5 4.6 4.5 4.4 4.4 1999 4.3 4.4 4.2 4.3 4.2 4.3 4.3 4.2 4.2 4.1 4.1 4.0 2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9 2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.6 5.7 ear 1995 5.6 5.4 5.45.85.65.6 5.7 5.7 1996 5.6 5.5 5.5 5.6 5.65.3 5.5 5.1 2003 5.8 5.9 5.8 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.9 5.7 2005 5.2 5.45.2 5.2 5.1 5.0 5.0 In 2003 it is the highest unemployment, and in 2005 it is the lowest unemployment.

Explanation / Answer

From the data, we can see that the mimimum value is 3.8 which occurs in year 2000.

Hence,

2000 is the lowest unemployment.

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