SCE Labor Market Survey: March 2025

Mon, Apr 21, 2025 · 11:00 AM ET Next release · Dec 21, 11:00 AM ET

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  • Satisfaction with wage compensation, nonwage benefits, and promotion opportunities declined by -1.1, -1.2, and -1.7 ppts, respectively, in March. Satisfaction with wage compensation is at its lowest level since November 2021.
  • The average expected likelihood of receiving at least one job offer in the next four months decreased to 19.3% from 20.9% in November 2024, the lowest since July 2023.

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  • The average reservation wage—the lowest wage respondents would be willing to accept for a new job—sharply retreated to $74,236 from a series high of $82,135 in November. This decrease was most pronounced for men and respondents over age 45.

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  • The average expected likelihood of working beyond age 62 declined to 47.3% in March 2025. The average expected likelihood of working beyond age 67 also declined, to 31.6%.