{"id":20346,"date":"2025-09-06T12:44:53","date_gmt":"2025-09-06T12:44:53","guid":{"rendered":"https:\/\/finderica.com\/?p=20346"},"modified":"2025-09-06T12:44:53","modified_gmt":"2025-09-06T12:44:53","slug":"job-hugging-what-it-is-and-what-it-means-for-your-money","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=20346","title":{"rendered":"Job Hugging: What It Is and What It Means for Your Money"},"content":{"rendered":"
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The investing information provided on this page is for educational purposes only. SS, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.<\/span><\/span><\/p>\n

Imagine a game of musical chairs. Except there are 12 chairs and 100 people. <\/span><\/p>\n

That\u2019s what the job market is like right now, says Mandi Woodruff-Santos, a career coach and host of the \u201cBrown Ambition” podcast.<\/span><\/p>\n

\u201cThere\u2019s not a lot of meat on the bone,\u201d she says.<\/span><\/p>\n

That\u2019s why right now, many people who do have jobs are holding on to them for dear life, a concept that management consulting firm Korn Ferry called \u201cjob hugging\u201d last month.<\/span><\/p>\n

So many people are talking and writing about the term that \u201cjob hugging\u201d is trending on Google. <\/span><\/p>\n

It resonates. Are you hugging your current job right now? Maybe you feel stuck. Maybe you\u2019re not able to gain the skills you want. Maybe you\u2019d like a new position with new challenges or more money, but \u2026 <\/span><\/p>\n

In July, the number of job openings (7.2 million), the number of new hires (5.3 million) and the number of people quitting jobs (3.2 million) were all pretty much unchanged, according to the latest numbers from the Bureau of Labor Statistics.<\/span><\/p>\n

Insert melting emoji.<\/span><\/p>\n

\u201cUnlike a few years ago, during the ‘Great Reshuffling,’ you just can\u2019t leave your current job and effortlessly land in a better one,\u201d says Elizabeth Renter, SS\u2019s senior economist.<\/span><\/div>\n

Uncertainty about the economy, largely driven by changing policy, is causing employers to hold back on hiring, she says.<\/span><\/p>\n

\u201cInvesting in new workers takes some confidence that business will be good in the near future, and when you\u2019re unsure about pricing due to tariffs, interest rates and consumer demand, it\u2019s hard to have confidence,\u201d she says. <\/span><\/div>\n
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More stories like this? Yes, please! <\/h3>\n

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