Where Data Tells the Story
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This graphic shows what U.S. workers expect in terms of job transitions, as of July 2024. Data comes from the Federal Reserve Bank of New York’s SCE Labor Market Survey (published Aug. 19, 2024).
The SCE (Survey of Consumer Expectations) is a nationally representative internet-based survey of 1,300 household heads, focusing on economic outcomes.
4.4% of workers expect to be unemployed in the next 4 months, which is the highest value ever recorded since July 2014 (start of the survey).
Job satisfaction also deteriorated over the past year (July 2023 - July 2024):
*pp = percentage points
As of July 2024, 56.7% of workers were satisfied with their current wage, 56.3% satisfied with nonwage benefits, and 44.2% satisfied with promotion opportunities.