Question

Unemployment rates are typically lower for people between about 25–54 years of age than they are for those who are either younger or older. “Prime-age workers,” as those in the 25–54 age bracket are sometimes called, are typically at a place in their lives when they want very much to have a job and income arriving at all times. But some proportion of those who are under 30 may still be trying out jobs and life options and some proportion of those over 55 are eying retirement. In both cases, the relatively young or old tend to worry less about unemployment than those in-between, and their periods of frictional unemployment may be longer as a result. Thus, a society with a relatively high proportion of relatively young or old workers will tend to have a higher unemployment rate than a society with a higher proportion of its workers in middle age.

True False

911

Answer 1

This is true and that's what stats show, it tells that yourh unemployment is higher that of adults in most countries. Also if we talk about older population the unemployment is more than middle aged population mainly due to difficulties in finding new job for those who have lost their jobs. But the youth unemployment is mainly due to the characteristics of labor market and aslo some part of it is frictional unemployment because of changing goals and ambitions of youth they tend to change jobs. Aslo the relatively older face age discrimination and aslo because they are eyeing retirement. Whereas when we compare middle aged persons with both groups they are more employed as they want steady income they tend to change less jobs and are of a proper age what a company requires who can focus more on job with some experience and devote more time to work