Promotions Are Hard to Come By, Blocking Entry-Level Workers From Even Starting
- Lack of churn in US workforce isn’t opening jobs for new grads
- ADP data show promotions have dropped off from 2022 high
Photographer: fizkes/iStockphoto/Getty Images
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A main feature of the 2024 labor market is that fewer people are quitting their jobs. A lesser-known one is that fewer are getting promoted.
That leaves little room for new workers to break through, as the ranks of employees above them stay in place. And it makes it more difficult for young graduates to get their foot in the door.