Identify the correct statement regarding the composition of the U.S.labor force during the projected 2014-2024 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.

Question

Quizplus · Accepted Answer

According to projections by the Bureau of Labor Statistics, the labor force is expected to grow at a slower rate due to aging of the population and a smaller increase in the number of young workers. This means that the overall workforce will be aging, despite a small increase in the number of young workers. The segment of the workforce nearing retirement age is also expected to increase. Therefore, choice D is the correct statement regarding the composition of the U.S. labor force during the projected 2014-2024 period.

Identify the Correct Statement Regarding the Composition of the U