New report explores how a retirement surge is fueling inflation and worker shortage

John Robertson, a senior policy adviser and economist at the Federal Reserve Bank of Atlanta, says data reveals that the current worker shortage in Georgia is in direct connection to a surge of retirements that happened over a couple of months during the COVID-19 pandemic.

“About a million more people retired than you would’ve expected based on demographics and pre-pandemic behavior,” said Roberston on Monday’s edition of “Closer Look.”

During the conversation, Roberston talked about the Federal Reserve Bank of Atlanta’s latest report, “We’re Getting Older, and the Labor Market Shows.” The report explores how Georgia’s aging population is fueling the worker shortage and inflation.