Sluggish hiring and job mobility threaten US and UK productivity, economists warn
Source Summary
Economists warn that low rates of hiring, resignations, and job-switching in the US and UK could cause long-term productivity damage. The sluggish labor market dynamics suggest reduced worker mobility and business investment in new talent, which may hinder economic growth.
Why it matters
Weak labor market dynamism reduces the reallocation of workers to more productive roles and discourages business investment in training and innovation, directly constraining long-term economic productivity.
