Defining and measuring unemployment rate: Unemployment rate - The ratio of the number of people unemployed to the total people in the labor force. Unemployment rate = unemployed unemployed or X 100% Employed + unemployed Labor force Employment rate the ratio of the number of people employed to the total people in the labor force Nop mating Hee Leonora L.Underemployment rate = Underemployed / employed X 100% Labor Force Employed + unemployed Labor force participation rate - the ratio of the labor force to the total population 15 years old and older. Labor force participation rate = labor force/population X 100 % Population = Labor force + not in the labor force news microooh com is sharing your screen. Crop wring side Leonora L. ...Direction: 1. Provide the complete solution step by step to get a perfect score if the answer is correct . If one step is missing even if the answer is correct still it will be mark wrong or zero. 2. Labor Force Characteristics: (Compute: Population; LFPR; Unemployed; Unemployment rate; Employed; Employment rate; Underemployment rate) The Tuwid na Dean has a labor force of 65M , and those who are out of work is 35M. Break down of those who are institutionalised are as follows: Retirees 5M; below 15 years old 10M; Disabled 5M; and currently enrolled 5M. The Tuwid na Daan government is happy to announce that the number of people working exceeds the number of peoole looking for work. Although there are 8M working on a job where their skills are higher than necessary. The Tuwid na daan government needs your help. to visualize the economy's present condition in order to prepare for the future Labor force indicator (October 1998 to 2000 In thousands) Not in the Labor force 69,544 Indicator 2008 2009 2010 Labor Force 31,278 30,693 30,908 LFPR 31.02% 30.62% DU.76% Employed 28,262 27,762 27,775 Employment rate 90.35% 90.45% 89.86% Unemployed 3/016 2,931 3,133 Unemployment rate 9.64% 9.5408 10.13% Underemployed 6,701 6,100 5,500 Underemployment 23.71% 21 970/0 19.80% rate