logo
Ask Question

Asked by Eskarlin Sanchez on Jun 29, 2024

verifed

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.
verifed

Verified Answer

ZK
Zybrea KnightJul 02, 2024
Final Answer :
D
Explanation :
According to projections by the Bureau of Labor Statistics, the number of workers ages 16-24 is expected to increase slightly, but the largest increase will be in the age group of 65 and older. As a result, the overall workforce will be aging.

Related questions

The Individual Firm in a Purely Competitive Labor Market Faces ...

If a Firm Is Hiring a Certain Type of Labor ...

The Market Supply Curve for Labor Is Upsloping Because ...

In 1973,____ Out of 7 Americans Worked in Manufacturing,but by ...

Compared to 1973,real Wages Are About _____% _______ (Higher/lower)