The table below shows the percent of the labor force that is unemployed and the
ID: 3376542 • Letter: T
Question
The table below shows the percent of the labor force that is unemployed and the size of the labor force for three counties in northwest Ohio. Jon Elsas is the Regional Director of Economic Development. He must present a report to several companies that are considering locating in northwest Ohio.
What would be an appropriate unemployment rate to show for the entire region? (Round your answer to 2 decimal places.)
County Percent Unemployed Size of Workforce Wood 4.5 15,300 Ottawa 3.0 10,400 Lucas 10.2 150,600Explanation / Answer
appropriate unemployment rate to show for the entire region =weighted average
=(4.5*15300+3*10400+10.2*150600)/(15300+10400+150600)=9.28 %
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