Working-age PopulationLabor ForceEmployedUnemployedOctober 2019259.8164.4158.55.8July 2020260.4159.9143.517.8October 2020260.9160.9149.811.1 Labor Force Participation RateUnemployment RateOctober 201963.3%3.5%July 202061.4%11.1%October 202061.7%6.9%What are the historical factors that caused the changes in labor force participation and the unemployment rate.

The data given above is the data from the pandemic phase. In the starting of 2020, the pandemic…

Answered: 259.8 164.4 158.5 5.8 July 2020…

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

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Working-age Population	Labor Force	Employed	Unemployed
October 2019	259.8	164.4	158.5	5.8
July 2020	260.4	159.9	143.5	17.8
October 2020	260.9	160.9	149.8	11.1

	Labor Force Participation Rate	Unemployment Rate
October 2019	63.3%	3.5%
July 2020	61.4%	11.1%
October 2020	61.7%	6.9%

What are the historical factors that caused the changes in labor force participation and the unemployment rate.

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