Center for Microeconomic Data

 
SCE LABOR MARKET SURVEY
Rate of Transitions to a Different Employer Slows over the Past Year
The results of the July 2022 SCE Labor Market Survey show the rate of transitioning to a different employer declined to 4.1 percent, from 5.9 percent in July 2021. Meanwhile, the average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased to $72,873 from $68,954. Satisfaction with wage compensation at current jobs declined to 56.9 percent from 58.2 percent in July 2021, while satisfaction with nonwage benefits improved modestly to 63.2 percent. The average expected likelihood of working beyond age 62 ticked down to 48.8 percent, its lowest reading since the start of the series in March 2014.

For more details:
Press Release: Expected Average Offer Wage and Reservation Wage Increase Compared to a Year Ago
 
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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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