Table 28-5
Labor Force Statistics by Age
Suppose people in the adult population in a small country are classified based on their age.
-Refer to Table 28-5. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?
A)under 55, under 55
B)under 55, 55 and older
C)55 and older, under 55
D)55 and older, 55 and older

Question

Table 28-5
Labor Force Statistics by Age
Suppose people in the adult population in a small country are classified based on their age. 
-Refer to Table 28-5. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?
A)under 55, under 55 
B)under 55, 55 and older 
C)55 and older, under 55 
D)55 and older, 55 and older

Quizplus · Accepted Answer

Typically, the age group "55 and older" has a higher unemployment rate due to various factors like age discrimination and skill mismatches, while the "under 55" group generally has a higher participation rate as they are more actively engaged in the workforce.

Table 28-5 Labor Force Statistics by Age