Assume you have the following information about the unemployment rate among different groups in the labor force: adult males 5%, adult females 4.5%, and teenagers 12%. Teenagers account for 15% of the work force and, women account for 40% of the adult labor force. What is the actual nationwide unemployment rate?

Macroeconomics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
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Assume you have the following information about the unemployment rate among different
groups in the labor force: adult males 5%, adult females 4.5%, and teenagers 12%. Teenagers account for
15% of the work force and, women account for 40% of the adult labor force. What is the actual nationwide
unemployment rate?

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