older female employee frowning at younger male employee (Photo: Shutterstock)

The COVID-19 pandemic may have pushed millions of older workers out of the workforce prematurely. A report published earlier this month from the Schwartz Center for Economic Policy Analysis (SCEPA) at The New School showed that 2.8 million older workers have left their jobs since March — and ongoing economic turmoil coupled with poor health could make it difficult to resume their career elsewhere.

Some may have already given up. Per the report, 38% of unemployed older employees stopped looking for work and exited the workforce. Over the course of the next three months, SCEPA expects that an additional 1.1 million older workers will do the same.

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