Will labour market matching become a brake on economic growth?

According to the article, the most important factor for long-term economic growth is productivity growth, since the amount of labour input can only be increased to a limited extent.

In Finland, job reallocation and labour mobility have remained at a good level, which supports productivity growth. Although there are matching problems in the labour market—i.e., challenges in aligning unemployed workers with available vacancies—the situation in Finland is moderate in international comparison, and labour market functioning has not clearly deteriorated.

Overall, the dynamics of the Finnish labour market create favourable conditions for productivity growth and economic expansion. (AI translation)

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