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

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Many older Americans retired during the Covid pandemic. Whether they will return has been an open question.

The "unretirement" rate, which measures those who switch from retirement to employment, has been accelerating, according to an analysis by Nick Bunker, an economist at Indeed.

But there's an open question: Are these retirements permanent, or will these workers rejoin the labor force? That's largely a positive thing — most pandemic-era retirements seem to have been for "bad" reasons rather than "good" ones , he said.

 

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Omg seriously give me a break. Retirees are being forced to work because the US Central Bank and US Government are stealing from them and taxing them punitively. When the US govt keeps manipulating yields to subsidize absurd, record spending retirees can generate interest income

Competing with TheOnion I see

So happy old people keep hogging high paying positions.

That is so jacked... After spending an entire lifetime of hard work and sacrifice.. People are being priced out of retirement by inflation.. And this is how we spin it. Disgusting.

Bad for the retirees lol

I agree! Work until you die at your post!

Are you mad? How is that good? Holy shit. Does a 9 year old write these?

Right but you're lying and it's not, sooooooo

Yeah, because inflation is destroying their savings

Screw that. I’m only 46 and I don’t have the intestinal fortitude to do this for another 2 decades. I’m out as soon as I possibly can. Not working until the day I die.

Lies lies lies

nice

Shit! I want to retire NOW. And if I have to “unretire” after that, I might as well kill myself.

So, I can't believe this needs to be said, but we're living in a dystopian future, and y'all are on the side of the villains. We should be working fewer hours for more pay. We should have UBI. We should be retiring at a younger age. Our base quality of life should be going up.

Ridiculous! A lot of these seniors can't afford to live, so they have to return to work.

Ratio this clowns.

Translation: Retirees are 'unretiring' -- and that's good for companies and CEOs looking for bodies to exploit for maximum profit.

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