Asked by Eskarlin Sanchez on Jun 29, 2024
Verified
Identify the correct statement regarding the composition of the U.S. labor force during the projected 2016-2026 period.
A) The labor force is expected to grow at a greater rate than at any other time in U.S. history.
B) The largest proportion of the labor force is expected to be in the 16- to 25-year age group.
C) The segment of the workforce nearing retirement age will hold steady.
D) Despite a small increase in the number of young workers, the overall workforce will be aging.
E) The total workforce of the United States will considerably decrease.
U.S. Labor Force
The total number of people, including both the employed and those actively seeking employment, available for work within the United States.
Retirement Age
The age at which a person is eligible to retire, often defined by government policy or individual employment agreements.
Workforce Aging
The trend of the workforce becoming older, due to demographic changes and longer working lives.
- Comprehend the mechanisms of the labor market, encompassing shifts in job trends and the makeup of the workforce.
Verified Answer
Learning Objectives
- Comprehend the mechanisms of the labor market, encompassing shifts in job trends and the makeup of the workforce.
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