Fueled in part by record stock market growth, an uptick in savings rates and fear of getting COVID-19 on the job, some 3 million Americans who were nearing retirement before the pandemic chose to leave the workforce earlier than they anticipated during the pandemic.
Last month, more than 2.5% of retired workers returned to work, a new pandemic high, according to Bunker’s analysis of data from the U.S. Census Bureau’s Current Population Survey. Still, labor force participation rates — the share of people working or looking for work — for U.S. adults who are 55 and older are below their pre-pandemic levels.
Meanwhile, a record 4.4 million workers quit their jobs in September, adding to the existing challenges employers are having to hire 10.4 million workers collectively.
Boomers! Please, just stay retired. I beg of you..
Dam
horrible
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