The number of U.S. jobopenings rose to a record 7.34 million in December, more than 1million more than the total number of unemployedAmericans.

A strong labor market is proving to be blessingfor job switchers as they pocket bigger raises amidrecord openings.

Median wage growth for those who jumped to newpositions picked up to 4.6 percent in January from a year earlier,the fastest pace since October 2007, according to the FederalReserve Bank of Atlanta's Wage Growth Tracker. That compared with3.4 percent for those who haven't switched jobs, though thatmeasure was down from a 10-year high of 3.9 percent reached inNovember.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

C-Suite
Employee Participation
Employer-Paid