Asked by logan brockway on Jun 20, 2024
Verified
Refer to Table 28-2. In the proper order, which age group has the highest unemployment rate and which has the highest labor-force participation rate?
A) Under 55, under 55
B) Under 55, 55 and older
C) 55 and older, under 55
D) 55 and older, 55 and older
Labor-Force Participation Rate
The rate of the labor force participants who are of working age, encompassing those in employment and those actively searching for a job.
Unemployment Rate
The proportion of the labor force that remains unemployed and is actively looking for ways to gain employment.
- Understand and analyze employment figures by interpreting related data tables.
- Assess the evolution of labor force participation rates over time and by demographic categories.
Verified Answer
KJ
Kimone JonesJun 26, 2024
Final Answer :
C
Explanation :
The age group 55 and older typically has a higher unemployment rate due to challenges in finding new employment at an older age, while the under 55 age group generally has a higher labor-force participation rate due to being in their prime working years.
Learning Objectives
- Understand and analyze employment figures by interpreting related data tables.
- Assess the evolution of labor force participation rates over time and by demographic categories.
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