older woman in retail store smiling at camera (Photo: Shutterstock)

(Bloomberg) –The surge in U.S. retirements during the Covid-19 pandemic was led by older White women without a college education, according to research by the St. Louis Federal Reserve.

The so-called Great Retirement trend that saw workers leave the labor market — whether forced or by choice — was driven by baby boomers aged 65 and older, the regional Fed bank wrote in a recent blog post. By contrast, retirements among those aged 54 to 65 was little changed.

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