- The average annual salary of full-time workers increased to $69,181 in November 2019, up from $66,935 in July 2019. This is the highest value of the series since its inception in March 2014.
- The proportion of individuals who reported searching for a job in the past four weeks fell to 16.2 percent in November 2019, down notably from 24.5 percent in July 2019. The decline was broad-based across age, education, and income groups.
- The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased to a series high of $64,330 in November 2019, from $62,194 in July 2019. This increase was most pronounced for respondents with higher levels of education (at least a college degree).
- The average expected likelihood of working beyond age 62 increased to 55.5 percent in November 2019, from 52.7 percent in July 2019.
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 three times per year as results come in, and an annual New York Fed press release, issued following the July survey, highlights notable changes and trends.