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The unemployment rate of western states is 5.2%, for eastern states it is 5.8%, for southern states it is 5.5%, and for Midwestern states it is 5.9%. The western states comprise 12% of the labor force, the eastern states comprise 21% of the labor force, the southern states comprise 30% of the labor force, and the midwestern states comprise the remainder of the labor force. Find the unemployment rate for the nation. (please round your answer to 2 decimal places)

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91950544

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