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American workers who changed jobs in March saw their salaries shoot up, a sign of how much companies are putting in extra effort to attract employees at a time when the labor market is offering millions of jobs for whoever is looking for a job.
Last month, employees who moved into new roles saw their earnings jump 10 percent, the second straight increase. In February, pay for these workers went up by nearly 8 percent. Meanwhile, for workers who stayed in their current positions, wage gains were a little over 5 percent. This was the same as the previous month, after a steady slowdown in earning increases, according to data from the ADP Research Institute.
The sectors that saw increase in pay for workers included construction and manufacturing, according to ADP's chief economist, Nela Richardson.