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

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

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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.

The number of retirees re-entering the job market is picking up, according to Nick Bunker, economic research director for North America at job site Indeed.

That’s largely a positive thing — most pandemic-era retirements seem to have been for “bad” reasons (forced retirements amid a health crisis) rather than “good” ones (like inflated nest…

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