Labour Market

Fall in productivity ‘was to be expected’


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Labour Market

Julian Jessop quoted by The Telegraph




Official data revealing the biggest quarterly fall in productivity on record “was to be expected”, given that during a recession firms tend to focus on preserving jobs so they can avoid the cost of firing and then rehiring workers, IEA Economics Fellow Julian Jessop told The Telegraph.





Julian added that firms must also find new suppliers and customers, which can distract managers from improving productivity.

Read the full article here.

 

 



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