Personal finances

Retirees are ‘unretiring’ — and that’s good for the labor market – CNBC

Summary

MoMo Productions | DigitalVision | Getty Images

Retirees are coming out of retirement, and that’s a good sign for the labor market.

Early retirements among older Americans were among the many labor distortions related to the Covid-19 pandemic, according to economists, as health risks and other factors led many to leave their jobs.

But there’s an open question: Are these retirements permanent, or will these workers rejoin the labor force?

The answer could have big impli…….

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MoMo Productions | DigitalVision | Getty Images

Retirees are coming out of retirement, and that’s a good sign for the labor market.

Early retirements among older Americans were among the many labor distortions related to the Covid-19 pandemic, according to economists, as health risks and other factors led many to leave their jobs.

But there’s an open question: Are these retirements permanent, or will these workers rejoin the labor force?

The answer could have big implications for the U.S. economy and even the finances of everyday Americans, at a time when overall labor force participation has remained stubbornly low.

Source: https://www.cnbc.com/2021/11/17/retirees-are-unretiring-and-thats-good-for-the-labor-market.html