The demise of the job-hopping economy: Gen Z's big career strategy is hitting a wall [Fortune]
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Source: Fortune
The median pay bump notched by those switching jobs shrunk to 4.8% last month from a peak of 7.7% in early 2023, according to recently released data from the Atlanta Fed. That means the premium for ditching your current employer over staying put has all but disappeared since the red-hot job market of 2022 and 2023. In February 2023, a job-ditcher got a median 7.7% raise over the year, compared to a 5.6% pay bump for someone staying put. Last month, those who remained in their jobs received a 4.6% annual raise, just .2% under someone posting about “an exciting new chapter” on LinkedIn Help not so wanted Job-hopping ceasing to be a surefire way to enter a new tax bracket is a sign of a cooling economy in which employers are no lo
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