Thinking about throwing your hat a bit belatedly into the Great Resignation? Brace yourself for a bit of a wait before you find your next gig. A new study from ZipRecruiter finds it takes, on average, three months to find a new job right now. The good news is that 70% of those people who did switch jobs saw an increase in their pay, with the average increase coming in at 25%.
And while it sounds like a long time, it's better than it once was. "Unemployment duration is very, very low, historically," Julia Pollak, ZipRecruiter’s chief economist, tells Fortune. The average time spent unemployed last month was 8.3 weeks, Pollak adds, compared to 8.9 weeks in February 2020.
