The job-finding rate for those who are permanently laid off is less than half the rate of those on temporary layoff, so the speed of labor market improvement is likely to decelerate further if these trends continue. Similarly, after seeing large declines during much of the summer, initial claims for unemployment insurance have crept up recently and remain elevated.
However, given all the well-known interconnections 4  between operators in the market, the repercussions of technological innovation on the system’s stability are not clear. Public institutions like central banks and other financial supervisory authorities should examine the matter carefully. The Bank of Italy has created an internal multidisciplinary team on Big Data, Machine Learning and Artificial Intelligence.