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Wage Growth Stalls Amid Declining Job Openings in 2025

8/23/2025

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Summary

Story summary

In 2025, wage growth trends reversed, with job stayers experiencing a 4.1% increase and job switchers 4%.
High interest rates have led to a decline in job openings, reducing worker confidence and lowering the quits rate to approximately 2%.
The stagnant labor market forces involuntary job leavers into lower-paying positions, with long-term unemployment at its highest since February 2022.

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Story summary

In 2025, wage growth trends reversed, with job stayers experiencing a 4.1% increase and job switchers 4%.
High interest rates have led to a decline in job openings, reducing worker confidence and lowering the quits rate to approximately 2%.
The stagnant labor market forces involuntary job leavers into lower-paying positions, with long-term unemployment at its highest since February 2022.