Based on data from the Federal Reserve Bank of St. Louis, the Civilian Labor Force Participation Rates for men and women in the United States were as follows from 1994 through 2014: Demographic Group Month Participation Rate
(Percent of Group)
Men May 2014 69.2
Women 57.1
Men May 2004 72.9
Women 59.1
Men May 1994 74.8
Women 58.7
With respect to this data, which one of the following statements is true?

Question

Quizplus · Accepted Answer

The labor participation rate is an economic force that impacts the marketing environment. It is important for marketers to be aware of changes in the labor force participation rates for men and women, as this can affect consumer behavior, income levels, and spending patterns. In this case, the data shows that the participation rate for both men and women has decreased slightly over the last 20 years, which could have implications for the marketing environment. Additionally, while the participation rate for men has declined more rapidly than the rate for women, both rates are still relatively high and could have an impact on consumer behavior.

Based on Data from the Federal Reserve Bank of St