Why jobs are plentiful while workers are scarce

Jan 25, 2022

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As of September 2021, the rise in inactivity among workers age 55 and up accounted for around 35 percent of the outstanding employment gap. Image: Unsplash/ Medienstürmer

Carlo Pizzinelli

Economist, Fiscal Affairs Department, IMF

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Mismatch, a modest contribution. Image: US Current Population Survey

The share of US and UK older workers (55-74) not in the labor force (NILF) has increased above pre-pandemic projections. Image: US Current Population Survey

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