Pay is Back on the Rise for Job Switchers, Even in Low Hire Job Market The latest numbers from ADP and the Atlanta Fed paint a telling picture: job switchers are reaping significant pay increases, even as the labor market struggles to fill positions.
In August, base pay for those who changed jobs rose 4. 7%, while gross pay jumped a whopping 7. 3%. By contrast, job stayers saw their wages increase by only 4. 4%.
This trend has been building over the past few months, with workers who switch jobs consistently outpacing their counterparts in terms of pay increases.