Labor markets are stuck in a “low rental, low fire” course

Labor markets are freeze in many leading economies, as uncertainty about trade, tax and artificial intelligence makes employers postpone employment, launch and employees to adhere to their jobs.

The employment grew at an annual rate of only 0.5 percent in the United States and 0.4 percent through the rest of the Group of Seven in the three months to July, according to official data. This is much lower than the rates seen in 2024.

Instead of cutting the employees, it appears that companies are largely maintaining their working bases, while slowing the employment at the same time when Amnesty International It threatens to reshape labor and risk markets in the trade war of US President Donald Trump in reaching global growth.

The growth of employment is “one of the main weak sites in advanced economies,” according to Simon Macadam, the vice -economist in economic consulting.

In the United States, job growth has almost stopped during the summer, with the largest economy in the world Elimination positions in June.

With the exception of Japan, the growth of employment was slowing down in the economies of the other seven for several years, in Especially in the United KingdomAs salary lists fell 0.5 percent over the past year.

“You are in a low -fire economy,” Jay Powell, the head of the Federal Reserve, “said Jay Powell.

Besides employers to postpone employment and launch, the recruits say that the candidates feel nervous from moving.

James Hilton, the financial manager of the UK’s recruitment group, said that the recession in its main markets reflects caution by employers, but also the candidates’ concerns that they will lose the mixed mixed work arrangements to climb after birth if they change the jobs.

He said: “Companies take longer to employ a wage, while candidates are concerned about job security, loss of flexible work, or face of long transportation.”

It is especially difficult for the fixed labor market for young people trying to start a profession, but despite freezing, there are slight signs of job losses on a large scale.

Unemployment is still in the lowest levels in most of the euro region and has only increased in the United States, the United Kingdom and Germany. Even in these countries, some employers report a shortage of employment.

Central bankers are struggling to know whether job markets have been recruited due to poor demand or changes that affect employment supply, including age and workforce health, swing in immigration policy and transform lifestyle preferences.

In the United States, Christopher, Wald, and Michelle Bowman, who are rulers by those who demanded price discounts at an earlier time than others, believed that there is evidence of great weakness. “I am concerned that the labor market can enter into an unstable stage, and there is a danger from a shock to a sudden and important deterioration,” Boman said last week.

But Austan Golsby, head of the Federal Reserve in Chicago, warned that low salary gains are not necessarily a warning sign for the Central Bank. Golsby said the unemployment is still low at 4.3 percent, as the Trump immigration campaign and a wave of retired children, instead of the weakest demand, may reflect the weakest demand.

LinkedIn data, professional social network, paints a fixed image of declines in job markets in many advanced economies. The share of members who recently added a new employer to their personal file is about five less than the prenatal average in the United States, the United Kingdom, Canada and Australia. It is less in France, and it reduces approximately 15 percent in Germany.

Cori Kaninga, head of LinkedIn’s economy for the Americas, said that many countries are still suffering from “wireless tremors from the epidemic”, which launched the recruitment madness, followed by a decline as central banks raised interest rates in response to increased inflation.

In most countries, the labor market is still “normalization” instead of “realizing a wider contraction in the economy,” said Macadam. He also pointed to a series of issues related to the country-tax pressure in the United Kingdom, the political recession in France, the structural challenges affecting the German industry and the effects of tariffs on American distribution and manufacturing.

It is amazing that employment rates have remained high, and the lack of employment on a large scale, despite a long period of relatively slow growth and uncertainty.

He said that one of the major reasons of people was moving jobs was demographic.

He said: “We know that older workers are less than mobile devices … They have settled more and less keen to move geographically, and they may find it difficult to negotiate higher salaries in a new job if they have experience but not an official education.”

“All European countries are progressing in aging, and they are affected by aging.”

Data is visualized by Amy Burit and Keith Fry