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Statistics Canada announced that in May, 2015, of all Canadians 15 years and older, 17,953,800 were employed, 1,307,600 were unemployed, 9,970,800 were not in the labour force. How big was the labour force? What was the labour force participation rate? What was the unemployment rate? Depict the labour market. Assume the marketclearing wage is $13.20/hr. Depict a minimum wage. Assume the minimum wage is $15.00/hr. Identify the surplus or shortage of labour as a result of the minimum wage. Depict an increase in the minimum wage. Assume the new minimum wage is $16.00/hr. Is there an increase or decrease in the surplus or shortage of labour