Job Market Shifts: Pay Cuts, Lower Negotiations

In a challenging job market, sixty-five percent of new hires accepted pay cuts, down from fifty-four percent previously. Only thirty percent attempted salary negotiations, a decrease from thirty-six percent. Job seekers prioritize any paycheck over waiting for better offers, as pay growth for job changers dropped to six point three percent. Employers cut ninety-two thousand jobs last month, indicating a cautious start to the year.

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