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Define and explain the terms, employment rate and labour force participation rate. What is the difference between these terms? What are the recent employment rate

  1. Define and explain the terms, employment rate and labour force participation rate. What is the difference between these terms? What are the recent employment rate and labour force participation rates (research in Statistics Canada or results from the Labour Force survey)? How do they compare to the beginning or pre-pandemic? What does this tell us? Expand and explain.

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