(AURN News) — New data from the Center for Microeconomic Data at the Federal Reserve Bank of New York points to more signs of strain in the U.S. labor market.
The Fed’s March survey shows the likelihood of moving to a new employer has fallen to its lowest level since 2021.
At the same time, job search activity is declining. The share of people who reported looking for a job over the past four weeks dropped to 22.5%, down from 23.8%.
Worker sentiment is also slipping. Satisfaction with compensation declined by 3.3 percentage points, while satisfaction with nonwage benefits fell by 0.6 percentage points. Satisfaction with promotion opportunities dropped by 3.1 percentage points.
The share of workers moving to a new employer also declined, falling by 1.4 percentage points to 9.7%.
Overall satisfaction with wages is down as well. About 52.3% of Americans say they are satisfied with their wages, compared with 55.6% in November 2025.
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