Question: please help me with this question. 3. (25 points) Measuring the labor force: A. define the labor force. What are the age groups considered as
please help me with this question.

3. (25 points) Measuring the labor force: A. define the labor force. What are the age groups considered as part of the labor force. B. define the labor force participation rate. Has the male labor force participation rate increased or decreased since the 1950s? What are factors behind this pattern? Has the female labor force participation rate increased or decreased since the 1950s? What are factors behind this pattern? C. define the employment ratio. D. define the civilian unemployment rate. What causes the unemployment rate to increase? What causes the unemployment rate to decrease? How has the civilian unemployment rate varied over the business cycle? E. Using the JOLTS data: i. define the job openings rate. Is it pro or counter- cyclical with GDP? ii. define the quits rate. Is it pro or counter-cyclical with GDP? iii. define the lay-offs rate. Is it pro or counter-cyclical with GDP? iv. define the hire rate. Is it pro or counter-cyclical with GDP
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