News
Upward Mobility Ticking Up, a Little
It’s been three years of some rough stuff, but Americans are starting to report that when they’ve changed jobs, it’s been for something better paying or a higher-level position, according to a report from Experian Simmons.
According to the research firm, 6.5% of those who changed jobs in the last year moved into a better spot. No, it’s not much, but it turns out that moving up has never been something experienced by the majority of the population. In January 2008, when the economy was still mostly strong (the official start of the recession came in December 2007, but took months to ripple through the general economy), 9.9% of Americans said they had moved into better jobs in the previous year. The latest figure is also up significantly from April’s 4.6%.
Some further “good” news, that just 2.4% of Americans who switched jobs in the last year moved into lower level or lower paying positions. Bright side.
We’re not jumping up and down about any sort of real recovery yet, and the current unemployment and new-jobs numbers (9.8%; a mere 39,000 new jobs) indicate a seriously bleak backdrop. Which lends a sort of cognitive dissonance to Experian’s claim that slightly more Americans are starting to look hopeful about job opportunities (8.2% compared to 6.6% in July). But let’s take the good news where we can.
Discussion
3 comments for “Upward Mobility Ticking Up, a Little”
Post a comment
Special Sections
[...] This post was mentioned on Twitter by Recessionwire, Quickstone Software. Quickstone Software said: This in the same day that unemployment numbers go up? RT @recessionwire: Upward Mobility Ticking Up, a Little: http://goo.gl/fb/L6tAL [...]
Way to look on the bright side of things.
Surely in time everything will be solved, although however said that didn’t specify exactly how long will that “time” be … However we should always look art the bright side as Jared said, regardless of which that is.