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- Heavy industry, agriculture, finance, and servicesThe economy of the Midwestern United States is a mix of heavy industry, agriculture, finance, and services1. The region forms part of the United States' Corn Belt and serves as a transportation crossroads for river boats, railroads, autos, trucks, and airplanes1. As of 2022, the Midwest has the lowest unemployment rate in the nation and the highest prime-age employment-to-population ratio2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The region's economy is a mix of heavy industry and agriculture, with extensive areas forming part of the United States' Corn Belt. Finance and services such as medicine and education are becoming increasingly important. Its central location makes it a transportation crossroads for river boats, railroads, autos, trucks, and airplanes.en.wikipedia.org/wiki/Midwestern_United_StatesRelative to 2007, median wages in the Midwest have grown only 5.8% as of 2022. The Midwest’s unemployment rate is at a historic low, but racial disparities remain significant. The Midwest has the nation’s lowest unemployment rate (3.2% as of May 2023) and highest prime-age employment-to-population ratio (81.9% in 2022).www.epi.org/press/new-report-examines-the-midw…
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