Center for Microeconomic Data

At a Glance: Findings from the March SCE Labor Market Survey
  • The proportion of individuals who reported searching for a job in the past four weeks increased to 24.3 percent in March 2019, up from 22.7 percent in November.
  • The average full-time offer wage received in the past four months displayed a notable jump to a series high of $66,415 in March, up from $58,035 this past November.
  • The average expected likelihood of receiving at least one job offer in the next four months increased to 25.7 percent, up from 22.6 percent in November. This is the highest value of the series since the survey’s inception in July 2014; the increase was most pronounced for respondents without a college degree.

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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, and an annual New York Fed press release, issued following the July survey, highlights notable changes and trends.

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.