Data from the BLS Displaced Workers Survey may hold the answer. While recent displacement rates for long-tenured workers are considerably below levels experienced in the recessions of the early 1980s and 90s, the pattern of displacement seems to have changed. Displacement rates are also higher now for better-educated and older workers. Thus, exposure to job loss risk is now shared by a wider cross section of workers, many of whom thought they were immune from the process of employment restructuring. The BLS March employment report is good news for those who are displaced.
Jobs are plentiful and wages are rising.