Most of the 5.0mn persons who have exited the labor force since the start of the pandemic are over age 55 (3.4mn), largely reflecting early (1.5mn) and natural (1mn) retirements that likely won’t reverse. The outlook for prime-age persons who have exited the labor force (1.7mn) is more positive, since very few are discouraged and most still view their exits as temporary.
Calculated Risk: Missing Workers by Age Group
Basically it's a bullshyt narrative.
Calculated Risk: Missing Workers by Age Group
Basically it's a bullshyt narrative.