Center for Microeconomic Data

 
SCE LABOR MARKET SURVEY
November Survey: Expected Likelihood of Retiring Later Increases; Expectations of Receiving Job Offers Continue to Decline
  • Among those who were employed four months ago, 3.7 percent transitioned into unemployment (highest since March 2024), 2.4 percent transitioned out of the labor force, and 4.4 percent moved to a new employer.
  • The proportion of individuals who reported searching for a job in the past four weeks declined to 23.8 percent in November from 25.4 percent in July.
  • The average expected likelihood of receiving at least one job offer in the next four months continued its declining trend and reached 18.3 percent.
  • The average expected likelihood of working beyond age 62 increased by 1.4 percentage points (ppts) to 50.4 percent. The likelihood of working beyond age 67 edged up by 2.1 ppts to 35.6 percent—the highest reading since March 2020.

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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