One of the more insidious myths making the rounds this year was that young people didn’t want to work because they were getting by just fine on government aid.
Here’s the thing: Early retirement — whether forced by the pandemic or made possible otherwise — is having a huge impact on the labor market.
Even the White House has recognized how the retirement issue is distorting our read of the labor economy.
The “unretirement” rate fell to just over 2% early in the pandemic, but in recent months has ticked up to around 2.6%, according to Nick Bunker, an economist at Indeed.
FedEx said it is getting a good response from its current hiring efforts, given its current pay package and other offerings, such as an app that provides employee-friendly, flexible schedule options.