The growth of aggregate labor hours in the U.S.is slowing down,increasing by only 1.25 percent in the last decade.

Question

Quizplus · Accepted Answer

This statement is true, based on labor statistics data from the U.S. Bureau of Labor Statistics. The growth of aggregate labor hours has been slowing down since the 1970s, and in the last decade (2009-2019), it increased by an average annual rate of 1.25 percent. This is lower than the average annual growth rate of 2.25 percent during the previous two decades (1989-2009).

The Growth of Aggregate Labor Hours in the U