‘Low fire, low hire’ job market hurts US and UK productivity

Economists warn that the stagnant job market with low hiring, resignations, and job-switching could significantly harm long-term productivity in the US and UK. This sluggishness might lead to a mismatch between available skills and employer needs, ultimately stalling economic growth. Such trends underscore the importance of dynamic labor markets for maintaining competitive productivity levels. For a deeper dive, check out the full article on the Financial Times website.