What is the unemployment rate supposed to measure and why is it an imperfect measure?  Statistics Canada reported the following data for July 2014: Labour force participation rate: 67.4 percent...

What is the unemployment rate supposed to

measure and why is it an imperfect measure?

 Statistics Canada reported the following data for

July 2014:

Labour force participation rate: 67.4 percent

 Working-age population: 29.0 million

 Employment-to-population ratio: 62.5

 Calculate the:

 a. Labour force.

 b. Employment.

 c. Unemployment rate.