In January 2016, the adult population in the fictional country Kellytopia was 140 million, total employment was 90 million, the labor force was 105 million, and there were 1.2 million discouraged workers.
A) What was the unemployment rate, the labor force participation rate, and the employment ratio?
B) Now, assume that a year later in January 2017, the adult population was 142.8 million, total employment was 90.5 million, the labor force was 104 million, and there were 2.2 million discouraged workers. His Excellency Mark Kelly, the fictional king of the fictional kingdom Kellytopia claims that Kellytopia's employment situation has improved since last year. Do you agree with his assertion? Why or why not?