Why Stagflation Is Reshaping Job Hopping Trends

In this episode of Stagflation Conversations with Fexingo, Lucas and Luna explore how the current high-inflation, slow-growth environment is quietly reshaping the way workers change jobs. With unemployment at 4.3 percent, job openings still elevated at 7.6 million, and real wage growth barely keeping pace with CPI, the traditional calculus of job hopping for a raise is breaking down. Lucas breaks down new data from the ADP payroll report showing that private payrolls grew by 122,000 in May, but the composition of that hiring is shifting toward lower-wage sectors and temp workers. Meanwhile, Luna points out that the share of voluntary quits has dropped to its lowest level since 2020, as workers cling to stability over a marginal pay bump. The hosts discuss how this trend is creating a sticky labor market with surprising consequences for productivity and wage inflation. They also examine whether the era of the 'Great Resignation' is officially over, and what that means for both employees and employers navigating stagflation. #Stagflation #JobHopping #LaborMarket #WageGrowth #ADPReport #QuitRate #EconomicTrends #Business #Economics #Inflation #Unemployment #JobOpenings #Workers #GreatResignation #Payrolls #Productivity #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo