Declining job volatility reshapes labor market dynamics in postwar US.
The study looked at how job market trends and responses to technology changes have changed in the US since World War II. By using a special model and data analysis method, the researchers found that job finding and separation rates have become less unpredictable over time. They also discovered that the rate at which people find jobs is closely linked to unemployment levels, and that the impact of technology on the job market has varied over the years.