Question: please answer with complete solutions and explanation. LABOR FORCE CHARACTERISTICS:COMPUTE THE NUMBER OF PEOPLE UNEMPLOYED, UNEMPLOYMENT RATE, Employed, Employment ate, UNDEREMPLOYMENT RATE, LFPR Given the

please answer with complete solutions and explanation.

LABOR FORCE CHARACTERISTICS:COMPUTE THE NUMBER OF PEOPLE UNEMPLOYED, UNEMPLOYMENT RATE, Employed, Employment ate, UNDEREMPLOYMENT RATE, LFPR

Given the Mapaglusot economy with a population of 102 M, labor force 67 M and those who are out of work 35 M.Breakdown of those who are institutionalized:retirees 5 M ; below 15 years old10 M ; currently enrolled10 M, retardates 5M

The Mapaglusot government was happy to announcedthat the number of people working at this point in time exceeds the number of people unemployed although out of the total no. of people working3,500,000 are part timers.Now the Mapaglusot government needs your help to compute for the ff. figures to inform the public about the present condition of the economy.

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