Changing Jobs is Paying Off for Americans

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American workers who changed jobs in March saw their salaries shoot up by 10 percent, the second straight increase. In February, pay for these workers went up by nearly 8 percent. Workers who stayed in their current positions saw wage gains of a little over 5 percent. Sectors that saw an increase in pay for workers included construction and manufacturing. Private employers added 184,000 new jobs in March, the biggest increase since July. The South led the way in job gains, adding 91,000 jobs. Small businesses with about 20 to 49 employees lost 11,000 jobs, potentially due to competition from larger firms. Workers are attracted to firms that can offer more, and with higher pay gains for job changers, they may be switching from smaller companies to larger businesses to chase more money.

#JobMarket #WageGrowth #UsEconomy #LaborMarket #Employment

https://www.newsweek.com/changing-jobs-paying-off-americans-1886441