Economists suggest that sluggish rates of hiring, resignations, and job-switching could cause long-term damage to productivity in both the UK and US.
Economists are warning that a 'low fire, low hire' job market, marked by sluggish rates of hiring, resignations, and job-switching, could have long-term negative effects on productivity in the UK and the US.
These conditions are reportedly contributing to a challenging environment for both businesses and workers.
Why this matters: The reported sluggishness in the job market may lead to long-term damage to productivity.
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