Unretirement is once again trending up and returning to levels that we haven’t seen since before the pandemic. Unretirement is a phenomenon in which someone who retires enters back into the labor market within a year. The unretirement rate reached 3.2 percent last month, compared to pandemic levels of just 2 percent. The image below shows the unretirement rate from 2019 to 2022.  The rise in unretirement could be attributed to several factors including the rising cost of living, rising inflation, and the return to in person events following shutdowns caused by the pandemic. Plus because the current job market Continue reading Unretirement

Japan’s Struggling Labor Market

As with any growing country, the demand for labor in Japan is increasing. The problem in Japan, however, is that the labor force is having a hard time keeping up. Already, unemployment rates are dipped to 2.8% at the beginning of this year- the lowest it’s been in over two decades. On top of this higher participation, elderly people are coming out of retirement to fill the void, not exactly the productive labor force you would wish for in a blossoming economy. Any economist will tell you that this is cause for inflation. The scarcity of workers will demand higher Continue reading Japan’s Struggling Labor Market