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2. The following table provides information on the civilian noninstitutional population (POP), the labor force (LF), and the number of unemployed persons for June of
2. The following table provides information on the civilian noninstitutional population (POP), the labor force (LF), and the number of unemployed persons for June of 2019, 2020, and 2021. All values are in millions of people. Year LF LFP unem 10 ed 2019 259.0 163.1 2020 260.2 159.9 2022 263.7 164.4 a. Use the denitions for labor force participation rate (LFP) and the unemployment rate (UR) as we discussed in class to complete the above table. b. How did the labor force participation rate change over the three years? What might explain this? 0. How did the unemployment rate change over the three years? What might explain this
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