(AURN News) – A new survey released this week by the Federal Reserve Bank of New York sheds light on some significant shifts in the current job market. The Survey of Consumer Expectations (SCE) Labor Market Survey, which looked at the job landscape back in July, shows that more people are searching for new employment opportunities while simultaneously feeling less satisfied with their current positions.
The most striking finding is the sharp increase in the proportion of individuals actively looking for jobs. The survey also reveals that 28.4% of respondents reported searching for a job in the past four weeks – the highest since 2014. This uptick was most pronounced among older workers, those without college degrees, and people with lower household incomes.
According to the results of the survey, employees have grown increasingly dissatisfied with their current wages, benefits, and opportunities for advancement. Satisfaction with wages fell from 59.9% to 56.7%, while satisfaction with benefits dropped from 64.9% to 56.3%. One area that proved surprising was when it comes to satisfaction with promotion – those prospects plummeted from 53.5% to just 44.2%.
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