It pays to switch jobs again, but not everyone has that luxury
Source: Business Insider ·
Wage growth is looking better for job switchers than job stayers, but quits rates indicate confidence to make a move is low.
From the source
Job switchers are getting bigger raises than job stayers again.Joe Raedle/Getty ImagesJob switchers are experiencing better wage growth than job stayers.Last year, both groups saw similar increases, defying historical trends.Still, not everyone can leave their job or find a new opportunity right now.It's once again better to switch jobs than stay in your current gig if you want a raise."Wage growth for workers who change jobs is picking up again in 2026, even as raises for those who stay put keep slowing," Nicolas Petrosky-Nadeau, vice president for macroeconomic research at the Federal Reserve Bank of San Francisco, said in a LinkedIn post.That's based on 12-month moving averages of median wage growth for job switchers and stayers tracked by the Federal Reserve Bank of Atlanta using Current Population Survey data.Year-over-year wage growth for job switchers has been 4.4% for four straight months, while growth for job stayers falls short, with September's estimate at 3.5%. The gap…
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