You won’t get more money from quitting in this economy, BofA says, as job-hopping freezes in white-collar America

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':"";if(a){var r=n.promos.showYahooLogo?"":"yns-no-logo";a=a.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",r).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":P,u=n.panel.headerMsg?"":" "+P,d=c?R:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",a).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,a=void 0,r=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(ne[n]||(ne[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");ee("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){Ft(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var o=n,i=o.keyCode,a=o.key,r=Yt(65,90),s=h(h([],y(Yt(58,57)),!1),y(Yt(96,105)),!1),c=h(h([],y(r),!1),y(s),!1).includes(i);(32===i||13===i||c)&&(n.preventDefault(),n.stopPropagation(),Ft(e,t,c?a:""))})),t.searchBoxBackButton&&(e.addElementListener(t.searchBoxBackButton,"click",(function(e){e.stopPropagation(),window.YAHOO&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&(window.YAHOO.SA.apps[0].view.resetQuery(),window.YAHOO.SA.apps[0].view.hide()),zt(t);ee("ybar","back-close-srch","",{elm:"btn",subsec:"searchbox",itc:"1"})})),e.addElementListener(t.searchInput,"keyup",(function(e){e.stopPropagation();27===e.keyCode&&(e.stopPropagation(),zt(t))}))),e.addEventListener("viewerClosed",(function(){zt(t)})),e.onDestroy((function(){zt(t)})))},Gt=function(){function e(e,t,n){t&&(this.ybar=e,this.elem=t,this.options=n,this.show=this.show.bind(this),this.hide=this.hide.bind(this),this.addEventListeners())}return Object.defineProperty(e.prototype,"tooltip",{get:function(){var 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t,n=e.getConfig(),o={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(jt["sa-btn-bar"])),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(jt["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(jt["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(jt["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x"),searchGradientBorder:document.querySelector(".".concat(jt["search-border-gradient"]))};if(function(e,t){var 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Gt(e,o.submitSearchBtn,m(m({},Kt),{label:null!==(t=n.i18n.root.SEARCH_TOOLTIP_WEB)&&void 0!==t?t:"Search the web",containerClass:"".concat(jt.tooltip," ").concat(jt.tooltip__web),tooltipParentElm:o.clearSearchBtn.parentElement}))}));var Jt="_yb_tdk4ba",Vt="_yb_hkd17a",$t="_yb_rtzclf",Xt="_yb_tdbhj6",Zt="_yb_de52ef",Qt="_yb_9hwrey",en="_yb_slc8ta",tn="_yb_bf0svp",nn="_yb_hjic9z";be("ybar-mod-adaptivenav",(function(e){var t=document.querySelector("#ybar-l1-more-menu ul"),n={moreDropDown:document.querySelector(".".concat(Jt)),moreBtn:document.querySelector(".".concat(Vt)),wrap:document.querySelector(".".concat(Xt)),moreSectionTitle:document.querySelectorAll(".".concat(Zt)),editionsCtaBtn:document.querySelector(".".concat(Qt)),editionsMenu:document.querySelector(".".concat(en)),closeBtn:document.querySelector(".".concat(tn)),moreMenuDropDownHeight:t?"".concat(t.offsetHeight+48,"px"):"0"};new 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Bank of America’s latest research shows that the era of the job-hopper—once the defining labor market species during the pandemic’s Great Resignation—is quickly vanishing. The job-hopper’s day was 2022, BofA finds, and even though it doesn’t use the phrase, the report constitutes additional evidence that 2025 is the heyday of the “job-hugger.”Consulting firm Korn Ferry found earlier this month that the careers climate of 2025 has workers holding on to their jobs “for dear life.” This analysis followed a shocking jobs report from the Bureau of Labor Statistics for July, which massively revised downward earlier estimates of jobs growth in May and June. Beyond President Trump immediately firing the head of the bureau, it confirmed an economy with minuscule jobs growth.“Given just all the activity that happened post-COVID and then some of these constant layoffs, people are waiting and sitting in seats and hoping that they have more stability,” Korn Ferry managing consultant Stacy DeCesaro previously told Fortune about the rise of job-huggers. “No one is wanting to leave unless they’re very unhappy or miserable in their job or just feel so unsettled by the company.”BofA says job-hoppers are hard to measure but are an important part of the overall labor market picture, and data shows a clear drop from the peak of the Great Resignation. BofA finds job-hopping is still above its pre-pandemic levels, but that was a very different economy, with just 3.5% unemployment (the lowest since 1969) and an extraordinarily tight labor market. In retrospect, that was the end of a long period of economic expansion, with elevated job stability and reduced urgency for changing jobs, before the pandemic changed the picture dramatically.BofA research used aggregated and anonymized deposit account data across millions of customers to track job-to-job, or “J2J” moves, identifying the rate by identifying changes in payroll within deposit accounts. It aligns with federal data from the JOLTS survey, which tracks the “quits rate” every month, showing that July’s quits rate was the lowest level since December. Posting on Bluesky, Glassdoor chief economist Daniel Zhao wrote that the report “shows softer figures with hires and quits rates still sluggish. Not dire, not amazing, more meh.”Speaking to Fortune about the general state of the labor market in a new interview, Zhao said Glassdoor’s data shows that “more and more workers are sitting tight in their roles and feeling stuck as a result.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,479.75 -2.75 (-0.04%)Dow Futures45,475.00 -14.00 (-0.03%)Nasdaq Futures23,575.50 -16.00 (-0.07%)Russell 2000 Futures2,359.70 -4.40 (-0.19%)VIX14.82 +0.20 (+1.37%)Gold3,431.90 -1.10 (-0.03%)PortfolioSign in to access your portfolioSign inTop gainersSATS EchoStar Corporation 50.87 +20.99 (+70.25%)SMTC Semtech Corporation 58.72 +7.72 (+15.14%)HSAI Hesai Group 26.67 +3.29 (+14.07%)UUUU Energy Fuels Inc. 12.31 +1.38 (+12.63%)LEU Centrus Energy Corp. 208.67 +23.39 (+12.62%)Top losersNEGG Newegg Commerce, Inc. 67.03 -17.97 (-21.14%)KDP Keurig Dr Pepper Inc. 28.95 -2.15 (-6.91%)FUN Six Flags Entertainment Corporation 24.00 -1.48 (-5.81%)BWLP BW LPG Limited 15.10 -0.89 (-5.57%)CRGY Crescent Energy Company 9.02 -0.52 (-5.45%)Most activeOPEN Opendoor Technologies Inc. 4.7000 +0.1600 (+3.52%)NIO NIO Inc. 6.70 +0.61 (+10.02%)NVDA NVIDIA Corporation 181.77 +1.94 (+1.08%)WBA Walgreens Boots Alliance, Inc. 11.92 -0.05 (-0.42%)LCID Lucid Group, Inc. 2.1100 +0.0300 (+1.44%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersMDB MongoDB, Inc. 214.34 -4.10 (-1.88%)NVDA NVIDIA Corporation 181.77 +1.94 (+1.08%)OKTA Okta, Inc. 91.56 +0.20 (+0.22%)SNOW Snowflake Inc. 194.35 -0.33 (-0.17%)UNH UnitedHealth Group Incorporated 300.43 -4.43 (-1.45%)Top economic events