American workers are clinging to their jobs at rates not seen in nearly a decade as economic uncertainty and a cooling labor market make employees hesitant to seek new opportunities.

The share of workers voluntarily leaving their jobs this year has hovered around 2%, the lowest level since before 2015, according to recent labor data. Experts say concerns over a softer job market, slower wage growth and dwindling openings are keeping many in job-hugging mode a sharp contrast from the mass job-switching of The Great Resignation following the COVID-19 pandemic.

The job market has certainly softened, said Laura Ullrich, an economist with Indeed. And at the same time, theres a lot of economic uncertainty in 2025. When times are more uncertain, people tend to stay put.

New research shows that

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