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Employment (employment, unemployment, and unemployment rate) [25 points] Vhat is the current labor force, labor force participation rate, employment, unemployment, and unemployment rate? Calculate the

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Employment (employment, unemployment, and unemployment rate) [25 points] \\Vhat is the current labor force, labor force participation rate, employment, unemployment, and unemployment rate? Calculate the 1-year percentage change in the unemployment rate and the labor force participation rate. Discuss your results (Is it increasing or decreasing? By how much? How does the unemployment rate compare to other states? Why do you think this is? Etc.) Data source: Historical Unemployment: Bureau of Labor Statistics (BLS): http:/fwwwbls.govau'homehtm (see graph icon on right side of each state, then scroll down for the data used to create these graphics and calculate the statistics above.)

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