In October, the average person was earning about 2.4 percent more than this time last year. And while not terrible, it's still not back to that 3 percent+ territory we'd like to see in strong economies.
While 2018 is potentially the first time we could see that happen since 2007, it's happening sooner for those who're job hopping.
Here's the latest...
According to the newest data from ADP, the average person who's changed jobs is earning 4.9 percent more year-over-year.
The good news is that the gap is narrowing. There was a time around two years ago when the difference was nearly double these numbers. That's not to say that it's in the best interests of folks to jump ship.
Companies should be taking note and with profits surging, often in record territory for many companies, it's in their best interests to take care of their better performers where possible. This could also prove to be an opportunity for smaller companies who're capable of paying a bit more but that often have trouble competing with larger companies over talent.
2018's shaping up to be an exciting year with the best economy in 13 years within the realm of possibilities.
That also means opportunity time for many who've been looking for the right time to make a move and or make a case for a raise.