SOLUTION: Using your state's current unemployment rate, what is the probability that you will find a new job within 6 months after being laid off. The current rate is 8.4% HELP!! I have bee

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Question 493876: Using your state's current unemployment rate, what is the probability that you will find a new job within 6 months after being laid off. The current rate is 8.4%
HELP!! I have been working on this for 3 days!!! =(

Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
Using your state's current unemployment rate, what is the probability that you will find a new job within 6 months after being laid off. The current rate is 8.4%
HELP!! I have been working on this for 3 days!!! =(
-----
The unemployment rate has no formula relation to
finding a job in 6 months.
---
You would need some data on numbers of unemployed who
find a job in 6 months.
Cheers,
Stan H.
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