Center for Microeconomic Data

 
SCE LABOR MARKET SURVEY
Share of Job Seekers Highest Since 2014
The proportion of individuals who reported searching for a job in the past four weeks rose to 28.4 percent from 19.4 percent in July 2023, marking the highest reading since March 2014, according to the July 2024 SCE Labor Market Survey. The expected likelihood of moving to a new employer increased to 11.6 percent from 10.6 percent in July 2023. Satisfaction with wage compensation, nonwage benefits, and promotion opportunities at respondents’ current jobs deteriorated by 3.2, 8.6, and 9.3 percentage points from July 2023, falling to 56.7 percent, 56.3 percent, and 44.2 percent, respectively.

For more details:
Press Release: SCE Labor Market Survey Shows Sharp Increase in Job Seekers, While Current Job Satisfaction Deteriorates
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Fielding the Survey
The SCE Labor Market Survey, fielded every four months as part of the Survey of Consumer Expectations, collects information on individuals' experiences and expectations with respect to earnings, job transitions, and job offers, among other topics. The results of the November 2018 survey show that the average full-time offer wage rose to $58,035, up from $52,590 in July.
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