# UK’s ‘low-hire, low-fire’ jobs market hurting young people; US inflation higher than expected – business live

- URL: https://talkfuse.com/story/uks-low-hire-low-fire-jobs-market-hurting-young-people-us-inflation-higher-than-expected-business-live/
- Published: 2026-11-10T13:50:43+00:00
- Updated: 2026-11-10T17:48:16+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/nov/10/nvidia-shareholder-lawsuit-jensen-huang-relationship-suspected-chinese-spy-fbi-trump-bank-of-england-latest-news-updates
- Topics: AI, Americas, Asia, Business, Economy, Technology, UK, World

## Key points

- Employers are hiring less, while redundancies remain low.
- Young people face greater difficulty entering work.
- The Bank says labour-market shifts may affect wages and growth.

## Summary

The UK’s jobs market is cooling mainly because employers are hiring less, rather than making more staff redundant, according to Bank of England deputy governor Clare Lombardelli. She said this pattern protects people already in work but makes it harder for jobseekers to enter employment or move to a new role, with young people particularly affected.

Lombardelli said economic activity has held up better than expected after the recent energy cost shock, unemployment has risen gradually and redundancies remain relatively low. She warned that jobseekers may not match the vacancies available, so rising unemployment may ease wage pressures less than before; fewer opportunities can also weaken productivity, growth and the economy’s ability to adapt.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.