Mainebiz

W W W. M A I N E B I Z . B I Z 13 JA N UA R Y 2 2 , 2 0 2 4 F O C U S W E A LT H M A N A G E M E N T / R E T I R E M E N T Discover a credit union near you at mainecreditunions.org Maine Credit Union's believe in investing in you. From personalized savings accounts to low-interest loans, we're in your financial life. Join today and experience a financial institution that prioritizes you and your dreams. Unlock your financial potential. U.S. 'unretirement' rate fluctuations I n the United States, the percentage of retired workers returning to work was 2.7% in November 2023, according to data compiled for Mainebiz by Nick Bunker, director of North American economic research for the Indeed Hiring Lab, Indeed Inc.'s economic research arm. The proportion, unchanged from October, has ticked downward since May, when it was 3%. "I would explain the recent decline as a contin- uation of the decrease in unretirements since the peak in the summer of 2022," Lund told Mainebiz. "The rise in unretirements was fueled by an unwind- ing of pandemic-era retirements due to a weaker labor market and health concerns. And as the labor market strengthened and COVID concerns waned, many workers unretired. But now we've hit a spot where the number of folks who retired but want to return to work has dwindled." While the Maine Department of Labor does not keep similar statistics on Maine's workforce, anecdotal information points to unretirement as an attractive option in the country's oldest state. B y R e n e e C o r d e s S O U R C E : Source UNRETIRED WORKERS: THREE-MONTH TRAILING AVG., SEASONALLY-ADJUSTED YEAR-OVER-YEAR 2019 2020 2021 2022 2023 2.00% 3.00% 3.25% 1.50% 1.75% 2.50% 2.75% 2.25% 3.50%

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