GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which age group is projected to increase in the work force by the greatest percentage between 2000 and 2050?
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16-24
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25-40
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41-54
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55 and over
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Explanation:
Detailed explanation-1: -The 55-and-older age group, which made up 13 per-cent of the labor force in 2000, is projected to increase to 20 percent by 2020. It is antici-pated that, by 2050, the group will make up 19 percent of the labor force.
Detailed explanation-2: -The U.S. Bureau of Labor Statistics (BLS) projects that by 2024-just five years from now-13 million people age 65 and older will still be working. These older workers will constitute the fastest-growing segment of the workforce from 2014 to 2024.
Detailed explanation-3: -Definition: Labour force participation rate is defined as the section of working population in the age group of 16-64 in the economy currently employed or seeking employment.
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