‘No One Is Paying What They Used to’: Job Hopping Isn’t As Lucrative As It Used to Be, According to New Data

Deciding between staying at your job or changing roles for a higher salary? New federal data shows that the difference in increased pay between those who stay and those who switch has dropped to its lowest level in a decade.

According to a wage growth survey conducted by the U.S. Bureau of Labor Statistics and the Federal Reserve Bank of Atlanta earlier this month, those who stayed in their current roles saw their salaries rise by 4.6% in January and February while job switchers only saw a slightly higher increase over the same period at 4.8%.

The difference between the two groups was wider in January 2023, when workers who stayed

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