Help me clarify and calculate this

Labour Force Statistics, Australia (March 2020 to August 2021) Employed (000s) Unemployed Labour force Civilian population aged 000s) 000s) 15 years and older (000s) Mar-2020 12,995.5 723.2 13,718.7 20,831.0 Apr-2020 12,403.7 844.5 13,248.2 20,838.9 May-2020 12,139.7 916.3 13,056.1 20,846.7 Jun-2020 12,377.3 982.4 13,359.7 20,854.6 Jul-2020 12,479.1 1,004.2 13,483.3 20,851.9 Aug-2020 12,626.5 915.2 13,541.7 20,849.2 Sep-2020 12,581.1 925.9 13,507.0 20,846.5 Oct-2020 12,741.1 949.6 13,690.7 20,849.1 Nov-2020 12,828.5 940.8 13,769.4 20,851.7 Dec-2020 12,865.8 905.9 13,771.7 20,854.2 Jan-2021 12,894.9 881.6 13,776.6 20,860.3 Feb-2021 12,976.2 808.1 13,784.3 20,866.4 Mar-2021 13,051.2 787.9 13,839.1 20,872.4 Apr-2021 13,021.1 753.5 13,774.6 20,881.8 May-2021 13,137.9 700.8 13,838.7 20,891.2 Jun-2021 13,165.8 679.2 13,845.0 20,900.6 Jul-2021 13,168.9 639.0 13,807.8 20,911.6 Aug-2021 13,022.6 617.1 13,639.7 20,922.6 Source: ABS, Labour Force Australia, Seasonally-adjusted data series. https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest- release (Accessed 16 September 2021) e) Your colleague working with you on this Policy Brief has expressed confusion about the latest labour market data. They tell you: "I don't understand why the news reports are saying that the unemployment rate is so low and fell between July 2021 and August 2021, because the ABS data shows that the number of people with jobs fell from 13,168,900 to 13,022,600. How is that possible?" Firstly verify whether your colleague is correct when they say that the unemployment rate fell between July 2021 and August 2021. Then, help your colleague understand how it is possible for the unemployment rate to fall even though the number of people with jobs also fell. Explain what other economic indicator needs to be monitored, and provide your calculation of the changes in this other indicator that occurred between July 2021 and August 2021. To support your calculations, include all your working and the formulas you applied to compute these labour market statistics. Round off your answers to 2 decimal points. When you obtain your answers, write a clear sentence that addresses the specific questions that have been asked