The July survey showed that 87.1% of respondents were still employed after four months, the lowest share since July 2020, indicating some softening in job stability.

• Satisfaction with wage compensation declined to 53.7%, a new series low, while satisfaction with promotion opportunities also fell.

• In contrast, satisfaction with nonwage benefits improved during the period.

• The expected likelihood of receiving a job offer in the next four months declined to 18.8% (from 19.3% in March), marking the third consecutive decrease.

• The average reservation wage rose to $82,472, the highest since the series began in 2014, with gains seen across all age, education, and income groups.