Wages for US workers increased 3.5% over the last year, raising the average wage level by 95 cents to $27.81 an hour, according to the ADP Workforce Vitality Report, released today. The growth was driven by strong wage gains for workers in the professional and business services industry, and in trade.

“Full employment is upon us,” said Ahu Yildirmaz, co-head of the ADP Research Institute. “This is evident in the gradual slowdown we’ve seen in overall job switching for the past year, coupled with an acceleration in wage growth for switchers. As the labor market tightened, employers focused on providing the pay and benefits that would attract and retain skilled talent, making job holders less apt to switch.”

Among industries, information continued to lead the way for both wage level and wage growth. In addition to the top overall wage growth number of 6.2%, those who successfully switched positions to the information industry had wage growth of 9.8%. .

The report also found 20.9% of US employees successfully switched firms in the last year, highlighting an overall slowdown in job switching. On the flip side, wage growth for job switchers gradually accelerated during this same time period, currently at 5.6%.

The report used payroll data derived from a sample of approximately 250,000 companies and 18 million employees each month, which accounts for about 15% of all US private-sector employees.