"un-retiring" is the latest trend of the post-pandemic era

May 06, 2022
381 views
0 comments
Share
Background Checks

Millions of Americans who were closer to the retirement age stopped working during the pandemic, resorting to early retirement. This was a matter of concern to many who thought that the pandemic has altered the workforce permanently. However, new data shows that the country is close to securing this gap, let's see how.

According to recent Labour Department data, almost 1.5 million retirees have reentered the US labor market since last year, this means that the economy has made up for the loss of workforce due to early retirees since February 2020. So why did these people decide to return to work?

Evidence suggests that relaxed concerns regarding the virus, availability of vaccines, and more flexible work arrangements at a time when employers are desperate for workers to have aided this decision. For others, it is the rising costs in light of inflation and the inability to keep up while on a fixed income. Let's take the example of Jerry Munoz who recently returned to his full-time job at a pharmaceutical company in San Diego after almost a decade of retirement. He said he'd gotten antsy staying at home at felt safer going to work after receiving the vaccine. "Covid made me think about a lot of things and I felt like I was wasting my skills and knowledge," said the 64-year-old, "I told my wife that as long as I'm, healthy enough, I'll probably work for another two years."

Source: Washington Post

381 views
0 comments

Tags In

Menstrual Leave Kanpur

Previous days news

May 5 May 4 May 2 Apr 29 Apr 28

Best tech jobs in the United States : BLS data

Sep 06, 2022
785 views
0 comments
Background Checks

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Sep 06, 2022
668 views
0 comments
Background Checks

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Aug 17, 2022
840 views
0 comments
Background Checks

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

Aug 17, 2022
645 views
0 comments
Background Checks

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

Aug 10, 2022
900 views
0 comments
Background Checks

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

"un-retiring" is the latest trend of the post-pandemic era

"un-retiring" is the latest trend of the post-pandemic era

Tags In

Others news

Category

Tags

Articles