Many retirees who left their jobs during Covid-19 are re-entering the workforce, according to new research by Joblist. The study estimated 2.4 million people were forced to retire prematurely during the pandemic, but "unretirements" are on the rise and have reached above average pre-pandemic levels, the study said.

Despite widespread concerns about inflation, interest rates, and a possible recession among all job seekers, only 27 percent of unretirees cited financial concerns as a reason for their return to the workforce. Instead, the majority (60 percent) said they are simply looking for something to do. For those for whom financial concerns are their motivation, 21 percent pointed to inflation and 5 percent mentioned worries about stock market performance.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.