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Is Job Hopping Worth It Anymore
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Job switching shows limited financial benefits, with recent data indicating narrowing salary growth for both job stayers and switchers. Federal data reveals that salaries for employees who remained in their positions increased by 4.6% in early 2025, while those who switched jobs saw a slight rise of 4.8%. This change marks a drop from early 2023, when stayers experienced a 5.5% increase compared to a 7.7% increase for switchers. The quit rate decreased in 2024, reaching its lowest level since 2020, as 39.6 million Americans resigned, down from over 50 million in 2022. Many workers express difficulties in obtaining comparable positions and report feeling a lack of bargaining power. A Harris Poll indicates that 70% of Americans believe finding a better job is challenging, while 75% feel employers dominate the job market. Job seekers face lower salary offers, with one specialist accepting a role at $120,000 after earning $170,000 previously. Hiring rates have declined to approximately 3.3%, reminiscent of post-Great Recession conditions. The finance sector stands out, as banks with record earnings offer higher salaries, though expectations for bonuses at JPMorgan remain unmet.
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Why are energy startups missing out on funding despite rising power demand
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02:36|Rising tariffs correlate with a decline in the U.S. dollar, indicating potential loss of confidence in the U.S. economy. The dollar decreased by 9% against other currencies since mid-January, reaching its lowest point in three years. This shift suggests investor distrust as tariffs alter global trade dynamics. Historically, decreased demand for foreign goods due to tariffs would strengthen the dollar, but the current weakening poses risks for U.S. economic growth and living standards. Increased import costs from countries like France and South Korea may affect consumers. The ballooning federal debt at 120% of GDP could lead to higher interest rates, as global considerations for alternatives to the dollar gain traction. Discussions around cryptocurrencies and yuan-denominated trade agreements further highlight concerns about the dollar's future as a reserve currency. Furthermore, fluctuating international perceptions of U.S. trade policy, particularly under President Trump's tariffs, introduce uncertainty that may impact economic credibility.Learn more on this news visit us at: https://greyjournal.net/news/Discover the Surprising Cities Where Renting is Most Affordable
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