Labor Market Participants Decrease Job Searches and Raise Reservation Wage
The results of the latest SCE Labor Market Survey show that 18.1 percent of respondents reported searching for a job in the past four weeks, down from 21.8 percent in November. Satisfaction with wages, benefits, and promotion opportunities improved slightly. Although the average full-time offer wage declined since the November survey, the average reservation wage—the lowest wage at which respondents would be willing to accept a new job—jumped to $60,274, its highest level since November 2016.
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Press Release: Labor Market Survey Reveals Greater Job Stability and that Fewer Labor Market Participants Searched for Jobs