Overall fluidity of US labor market has been declining

The decline in the fluidity, or dynamism, of the U.S. labor market has been occurring along a number of dimensions—including the rate of job-to-job transition, hires and separations, and geographic movement across labor markets—since at least the 1980s, and these declines are all related, according to a new paper to be presented next week at the Brookings Panel on Economic Activity. Less fluidity in the labor market leads to fewer opportunities for workers to renegotiate their current position or change jobs and thus may have important implications for the macro economy in general, including on productivity. —> Read More

facebooktwittergoogle_plusredditpinterestlinkedinmail