Trends in the Marketplace

Question 14 • Financial Math - MA2007 CR

Why is it useful to identify or analyze occupational and industrial trends when considering your career path?

Answer

Jobs are all pretty much the same, so looking at trends will give you a precise picture of what the future should look like.

Watching the trends within your chosen industry can tell you when you should expect to be promoted, so you can base your long-term goals around statistical trends.

Occupational trends can give you an idea of whether a certain industry is improving or declining, and might help you identify how competitive your specific job market will be.

Analyzing trends is not useful since statistics tend to be incorrect or misleading.

Explanation

Occupational and industrial trends help you see whether a field is growing or declining and how many opportunities may be available. They can also offer clues about competition for jobs in that market. Choice C describes these uses; trends cannot predict exactly when you will be promoted or precisely what the future will look like.

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