Question: Explain how labour market data is classified (broken down into groups). Show how two statistics are calculated from this data and explain why each statistic

  1. Explain how labour market data is classified (broken down into groups). Show how two statistics are calculated from this data and explain why each statistic is important.

I am looking for some help by answering this question in as much detail as possible, and as clearly as possible. Thank you so much.

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