Center for Microeconomic Data

 
SCE LABOR MARKET SURVEY
March Survey: Job Satisfaction Declines; Likelihood of Moving to a New Employer Lowest Since 2021
  • The proportion of individuals who reported searching for a job in the past four weeks declined to 22.5 percent from 23.8 percent in November 2025. The decrease was most pronounced for respondents younger than age 45 and women.
  • Satisfaction with wage compensation, nonwage benefits, and promotion opportunities declined by 3.3, 0.6, and 3.1 percentage points (ppts), respectively. Satisfaction with wage compensation and promotion opportunities are both the lowest since the start of these series in March 2014.
  • The expected likelihood of moving to a new employer declined by 1.4 ppts to 9.7 percent, the lowest value since March 2021. The decline was driven by those without a college degree.
  • The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased to a series high of $84,762 in March. This increase was most pronounced for men and respondents with a college degree.

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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