Calculate the unemployment rate for June, July, Aug, Sept, Oct, and Nov. Interpret the data.
My answers are in order my month: 6, 6,6.1, 6, 6, and 5.7. It appears to me that Iowa's economy was in long run equilibrium at 6%. The November unemployment rate was 5.7% as seasonal employment during the holidays might have lowered the unemployment rate. It's also interesting to know that Iowa has the one of the lowest unemployment rates in the Midwest.