Job Switching Declines as Labor Market Cools

Fox Business (06/28/24) Henney, Megan Job hopping is slowing down, with the average rate of workers switching jobs dropping to 3% in May from nearly 3.75% in mid-2022, according to a Bank of America Institute report. During the peak of the Great Resignation in July 2022, job switchers saw an annual pay raise of 8.5%, […]