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Pandemic Disrupted Labor Markets but Had Modest Impact on Retirement Timing

These are some of the effects of the pandemic that started around 2019 on the people of Lee county. Affordable healthcare, reassessing of careers and changes to work-life priorities However, it seems that the impact of the disruption has been rather mild considering the situation of Retirement in the area.
For instance, there is a shortage of teachers in Lee county currently. And actually about 1800 Hillsborough county schools district leaders have vacated their duties which leaves the institutions in a vacancy mess. Today the institution has job openings of around 566 slots. A massive increase from what it was last year at 181.
In fact, the labour market impact is evident in the county’s shedding around $4 million from its allocation through the federal government to cushion the unemployment jab.
Even, here is how the statistics rack up to make this a valid assessment of the situation: In 2020, information regarding the labour force status shows that the number of adults between 55-70 who claimed to be retired had only slightly dipped between January and December. Also, only 2.9 % of the adults had retired early and were planning to retire due to the pandemic, while 2.5% were delaying or planned to delay for the same reason.
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would want to retire later than planned due to the set back injected by the occurrence of the pandemic.
Although we cannot lay actual fingers on what the statistics for retirement in Lee county look like, from an unemployment chart, it is apparent that the employment rate dipped aggressively in 2019 and began to rise steadily to date.
Also, we can draw a healthy assumption that only slightly more people of retirement age were looking forward to adding a few years to make up for lost time. Regardless it all boils down to a very minimal impact on the entire retirement picture.
Hence, there is no significant change to how seniors have retired differently from how it used to be before the pandemic even though employment rates dropped significantly and are now beginning to get back up
But are there any impacts on pension?
Now considering that we are discussing the effects of the pandemic, it is worth looking into the role of health in the labour force and retirements in Florida at least.
The extent of unemployment in Florida at one time meant that people were waiting longer to get employment benefits. And one of the major reasons for unstable government pensions is the fact that the government likely accrued high debts as a result of the global pandemic.
This would lead to a lack of sufficient funds for pension loans. So while the pandemic did not exactly impact how many people were retiring early or extending their retirements. It did affect other outcomes.
For instance, we’ve already discovered how, slightly, people retiring were deferring retirements, this allowed them to make up for their pension shortcomings. But that’s for how people reacted. What about the government?
Around 2020, the government came up with several support mechanisms, some of which were for people to access more benefits from their pension than they normally get. Yet something unique happened to the Health sector in Lee county. Lee health was freezing salaries and cutting benefits for all 13500 workers. The reason? There was a $20 million financial shortcoming and the villain was Covid 19. It was even the first time in 9 years that the health system put a stop to all employee raises which was about 3% every year. Lee Health also cancelled all major projects except expanding the Gulf coast medical centre in south East Meyers.
A matter of push and pull on different sides is the case with the effects of the pandemic on the labor market in Lee County, Florida. Although the health sector’s workers didn’t really have it smooth, overall there haven’t been any major changes. Yet, generally in the United States, there has been high unemployment among older adults. and the volatility in the stock market, reduction of income and retirement savings point towards a steady decline in people’s finances and the need to hold on to their jobs for a little longer at least.

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Mental Health Struggles Higher Among LGBT Adults Than Non-LGBT Adults in All Age Groups

Regardless of age, lesbian, gay, bisexual, and transgender (LGBT) adults have consistently reported higher rates of symptoms of both anxiety and depression than non-LGBT adults during the COVID-19 pandemic, according to a new analysis of the U.S. Census Bureau’s experimental Household Pulse Survey (HPS).
Previous Census Bureau research showed that LGBT adults – both those living alone and with others – experienced more mental health challenges than non-LGBT respondents. The current research expands that analysis by also examining LGBT and non-LGBT respondents by age.
Household Pulse Survey and Mental Health
The Household Pulse Survey provides insight into respondents’ mental health and well-being.
Since the HPS began in April 2020, it has asked two questions related to symptoms of anxiety and two questions about symptoms of depression.
In July 2021, it added questions about sexual orientation and gender identity (SOGI).
This analysis relies on data from two different collection phases of the survey to assess the pandemic’s mental health toll on U.S. adults 18 years and older:
Phase 3.2: July 21–October 20, 2021 (approximately 6.2 million invitations
sent, 382,908 responses, response rate of 6.1%).
Phase 3.2: July 21–October 20, 2021 (approximately 6.2 million invitations sent, 382,908 responses, response rate of 6.1%).
The reason these collection cycles were selected: Phase 3.2 was the first one to include SOGI questions and Phase 3.5 covered a period about a
year later and further from the onset of the COVID-19 pandemic.
Mental Health Challenges and Age
LGBT respondents to the HPS are younger on average than non-LGBT respondents. Approximately 40% of LGBT respondents in Phase 3.5 were between ages 18 and 29 compared with only about 13% of non-LGBT respondents.
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Conversely, adults ages 65 and older made up only about 7% of LGBT respondents but nearly a quarter of non-LGBT respondents.
According to the survey, younger respondents, whether they are LGBT or non-LGBT, struggled more with both anxiety and depression symptoms, but younger LGBT respondents struggled the most.
In Phase 3.5, about 35% of non-LGBT respondents ages 18 to 29 reported symptoms of anxiety, compared with 61% of LGBT respondents in this age group.
In contrast, only about 14% of non-LGBT and 19% of LGBT respondents ages 65 and up reported anxiety symptoms
LGBT respondents reported higher levels of anxiety symptoms than non-LGBT respondents in all age groups.
The survey’s findings were similar for those who reported symptoms of depression. Half of LGBT respondents ages 18-29 reported symptoms of depression, compared with about 29% of non-LGBT respondents in this age group. Depression symptoms also

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declined with age – about 16% of LGBT respondents and 11% of non-LGBT respondents ages 65 and up in this group reported feeling depressed.
LGBT adults reported higher levels of anxiety and depression symptoms than non-LGBT respondents in both Phases 3.2 and 3.5 of the survey, indicating the persistence of these disparities over time, even multiple years into the COVID-19 pandemic (Figure 3).
As Figure 3a illustrates, younger LGBT respondents (about 60%) in both phases were more likely to report anxiety symptoms than older LGBT respondents.
Anxiety symptoms among LGBT respondents 65 and up abated somewhat as the pandemic progressed: about 26% reported anxiety symptoms in Phase 3.2, compared to only 19% in Phase 3.5.
Figure 3b shows results for depression symptoms. In both phases of the survey, at least half of young LGBT respondents reported depression symptoms but the share of those 65 and up with depression symptoms decreased from about a quarter during Phase 3.2 to about 16% during Phase 3.5.
Taken together, these findings reveal how symptoms of anxiety and depression vary across age groups by LGBT status and over time. Younger adults, especially LGBT adults, were the most susceptible to both conditions. Conversely, older, non-LGBT adults were less likely to report either anxiety or depression symptoms.
Defining LGBT
The HPS initially asked respondents to identify only their sex (male or female). Since July 2021, the survey has included three SOGI questions.
The first asks about assigned sex at birth: What sex were you assigned at birth on your original birth certificate? (Choice of answers: Male or Female.)
The next question asks about current gender self-identification:
Do you currently describe yourself as male, female, or transgender? (Choice of answers: Male, Female, Transgender, or None of these.)
The latest version of the survey now also asks about sexual orientation:
Which of the following best represents how you think of yourself? (Choice of answers: Gay or lesbian; Straight, that is not gay or lesbian; Bisexual; Something else; or I don’t know.)
Survey respondents are categorized as LGBT if they report a sex at birth that does not align
with their current gender identity; report a sexual orientation of gay, lesbian or bisexual; or if they currently identify as transgender.
Respondents whose sex at birth aligns with their current gender identity and who select Straight on the sexual orientation question are categorized as
non-LGBT.
Respondents who select None of these on the current gender question and either Something else, I don’t
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know, or Straight on the sexual orientation question are categorized as “Other.”
Additionally, respondents whose sex at birth aligns with their current gender identity but who select either Something else or I don’t know on the sexual orientation question are also categorized as “Other.”
Survey questions related to sexual orientation and gender identity aim to understand the effect of the pandemic across different subpopulations.
However, because the HPS is designed to rapidly produce experimental estimates, exercise caution when using these results as standalone markers of the prevalence of LGBT adults in the general population.
Measuring Anxiety and Depression Symptoms
The survey asks four mental health questions, two relating to symptoms of anxiety and two about symptoms of depression. These questions were developed in partnership with the National Center for Health Statistics (NCHS). This analysis follows an approach outlined by NCHS, which categorizes individuals based on how frequently they reported feeling anxious or depressed, consistent with diagnoses of generalized anxiety disorder or major depressive disorder.
Near Real-Time Data
The HPS is designed to provide near real-time data on how the pandemic has affected people’s lives. Information on the methodology and reliability of these estimates can be found in the Source and Accuracy statements for each data release. These statements also include information on the invitations and response rates.
Data users interested in state-level sample sizes, the number of respondents, weighted response rates and occupied housing unit coverage ratios can review the quality measures file, available on the Household Pulse Survey Technical Documentation webpage. In comparison to other Census Bureau surveys, HPS response rates are low and data users should exercise caution when interpreting estimates from the survey, especially with regard to the impact of potential non-response bias.
As a part of the Census Bureau’s experimental data series, the HPS was designed to have low respondent burden, provide quick turnaround on product releases and produce estimates that meet urgent public needs. All estimates discussed here were calculated from public-use microdata files.

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