Center for Microeconomic Data

At a Glance: Findings from the July SCE Labor Market Survey
  • The proportion of individuals who reported searching for a job in the past four weeks declined to 19.4 percent from 24.7 percent in July 2022. Satisfaction with wage compensation, nonwage benefits, and promotion opportunities at current jobs all improved.
  • The average full-time offer wage received rose sharply to $69,475.
  • The average expected likelihood of becoming unemployed increased to 3.9 percent, the highest reading since March 2020.
  • Conditional on expecting an offer, the average expected annual salary of job offers in the next four months increased to $67,416, the highest reading of the series. The average reservation wage (the lowest wage respondents would be willing to accept for a new job) reached its highest reading of $78,645.

For more details:
Press Release: SCE Labor Market Survey Reveals Share of Job Seekers Declines and Expected Likelihood of Becoming Unemployed Rises
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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