Concerns that emerging technologies like artificial intelligence and automation could wipe out wide swaths of American jobs aren't backed up by data, according to a Sept. 13 report released by the nonprofit, nonpartisan Information Technology and Innovation Foundation. The report examines decades' worth of data from the U.S. Bureau of Labor Statistics across 10 industries--construction, leisure and hospitality, professional and business services, retail trade, transportation and warehousing, wholesale trade, financial activities, information, education and health services, and manufacturing. The report found rates of job loss in each industry were lower in the third quarter of 2020 than in 1995. The third quarter of 2020 represented a stabilization of the American job market following a significant spike in job losses due to the COVID-19 pandemic that reached as high as 45% in the leisure and hospital industries. According to the report, U.S. workers have about a 5.8% chance of losing their jobs across those industries in any given quarter, down from 7.3% in 1995. "The prevailing narrative of accelerating job loss due to new technology is just a myth," ITIF President Robert Atkinson, who co-authored the report, said in a statement.