
- Satisfaction with wage compensation, nonwage benefits, and promotion opportunities declined by 1.1, 1.2, and 1.7 percentage points, respectively, in March. Satisfaction with wage compensation is at its lowest level since November 2021.
- The average expected likelihood of receiving at least one job offer in the next four months decreased to 19.3 percent from 20.9 percent in November 2024.
- The average reservation wage—the lowest wage respondents would be willing to accept for a new job—sharply retreated to $74,236 from a series high of $82,135 in November. This decrease was most pronounced for men and respondents over age 45.
- The average expected likelihood of working beyond age 62 declined to 47.3 percent in March 2025. The average expected likelihood of working beyond age 67 also declined, to 31.6 percent.
About:
The SCE Labor Market Survey is fielded every four months as a rotating module of the Survey of Consumer Expectations (SCE). The data are updated online as results come in.
