U.S. workers who switched roles in January only got a 4% pay bump, compared to the 3.5% raise for those who stayed—and the job-hopping premium might only continue to sink.

Pay increases for workers who switch jobs are now roughly a third of what they were at the peak of the pandemic hiring boom, a new study shows.

U.S. workers who switched roles in January only got a 4% pay bump, compared to the 3.5% raise for those who stayed—and the job-hopping premium might only continue to sink.