Center for Microeconomic Data

 
SCE LABOR MARKET SURVEY
July Survey: Share of Those Still Employed After Four Months at Lowest Reading Since July 2020; Satisfaction with Wages Falls to Series Low
  • Among those who were employed four months ago, 87.1 percent were still employed—marking the lowest reading since July 2020.
  • Satisfaction with wage compensation fell to a series low, with 53.7 percent of respondents reporting they were satisfied with wages at their current jobs. Satisfaction with promotion opportunities at respondents’ current jobs also declined, while satisfaction with nonwage benefits improved.
  • The average expected likelihood of receiving at least one job offer in the next four months decreased for the third consecutive survey, to 18.8 percent from 19.3 percent in March 2025.
  • The average reservation wage—the lowest wage respondents would be willing to accept for a new job—jumped to $82,472, the highest reading since the start of the series in March 2014. The increase was broad-based across age, education, and income groups.

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.

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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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