Amy Scott

Guy Berger at labor market research organization the Burning Glass Institute says employers aren't hiring or firing much these days.

Guy Berger at labor market research organization the Burning Glass Institute says employers aren't hiring or firing much these days.

So if you like your current job, you're going to be hugging it.

So if you like your current job, you're going to be hugging it.

Thing is, this 2% gap between salary increases for job switchers over job stayers, really not all that uncommon.

Thing is, this 2% gap between salary increases for job switchers over job stayers, really not all that uncommon.

And overall, wage growth rates are still higher than they were in, say, the early 2010s, says Preston Moy, senior economist of the advocacy think tank Employ America.

And overall, wage growth rates are still higher than they were in, say, the early 2010s, says Preston Moy, senior economist of the advocacy think tank Employ America.

They're pretty comparable to what we saw right before 2020, which is highly regarded as sort of like a time of full employment.

They're pretty comparable to what we saw right before 2020, which is highly regarded as sort of like a time of full employment.

But people right now aren't exactly comparing this labor market to the one before the pandemic.

But people right now aren't exactly comparing this labor market to the one before the pandemic.

Economist Felix Zaydala with the Indeed Hiring Lab gives two reasons for that.

Economist Felix Zaydala with the Indeed Hiring Lab gives two reasons for that.

Stayers and switchers.

Stayers and switchers.

The gap is shrinking because of smaller wage gains for the latter.

The gap is shrinking because of smaller wage gains for the latter.

That feels bad.

That feels bad.