More Americans Upgrading Their Jobs

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NEW YORK (MainStreet) — Recent job numbers may be stagnant, but not everyone is stuck in a job rut. According to data from market-research firm Experian Simmons, more Americans are moving up the corporate ladder this year.

Experian Simmons found in its most recent data from Oct. 17 that 6.5% of American adults changed jobs for either a better salary or position, a significant increase from the 4.6% who had done so in April. This means that employed adults are now 41% more likely to trade up for a better job than they were just six months prior.

The data are part of an ongoing examination of consumer trends started by Experian in January 2008. The firm has conducted a daily survey that asks more than 2,500 adults about their behavior, attitudes and lifestyle changes. Results are updated weekly. According to John Fetto, spokesperson for Experian Simmons, the jobs data were of particular interest to researchers this week as the results represent a generally positive trend in an otherwise bleak environment.

“Unemployment, unfortunately, hasn’t changed,” Fetto said “but there does seem to be some hope among the employed. At least some people have started to change jobs for the better.”

In fact, Fetto says that Experian Simmons has seen a gradual increase in those trading up since April’s all-time low, though October’s numbers still pale in comparison to results yielded at the study’s onset, when 9.9% of Americans said they had changed jobs for the better. It represents a step in the right direction.

“The economy has changed a lot in the past year and half,” Fetto said, explaining that it’s hard to compare recent data to what was elicited before the onset of the Great Recession. “Now, more Americans are making up for lost ground.”

More job swaps may be on the horizon, too. According to Experian’s latest results, while the outlook has fluctuated during the past year, the percentage of Americans who expect to get a better job in the next year is now 8.2%, compared to July 7, when only 6.6% of Americans believed they would be moving up the ladder at work.

You can check Experian’s website for a full breakdown of the data since the firm started tracking the trend.

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