1.0Liberty Street Economicshttps://libertystreeteconomics.newyorkfed.orgblog authorhttps://libertystreeteconomics.newyorkfed.org/author/blog-author/Just Released: Are Employer-to-Employer Transitions Yielding Wage Growth? It Depends on the Worker’s Level of Education - Liberty Street Economicsrich600338<blockquote class="wp-embedded-content" data-secret="UggTzf6msD"><a href="https://libertystreeteconomics.newyorkfed.org/2018/09/just-released-are-employer-to-employer-transitions-yielding-wage-growth-it-depends-on-the-workers/">Just Released: Are Employer‑to‑Employer Transitions Yielding Wage Growth? It Depends on the Worker’s Level of Education</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://libertystreeteconomics.newyorkfed.org/2018/09/just-released-are-employer-to-employer-transitions-yielding-wage-growth-it-depends-on-the-workers/embed/#?secret=UggTzf6msD" width="600" height="338" title="“Just Released: Are Employer‑to‑Employer Transitions Yielding Wage Growth? It Depends on the Worker’s Level of Education” — Liberty Street Economics" data-secret="UggTzf6msD" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://libertystreeteconomics.newyorkfed.org/wp-content/uploads/sites/2/2018/09/6a01348793456c970c022ad3949a99200d-500wi.jpg500334The rate of employer-to-employer transitions and the average wage of full-time offers rose compared with a year ago, according to the Federal Reserve Bank of New York’s July 2018 SCE Labor Market Survey. Workers’ satisfaction with their promotion opportunities improved since July 2017, while their satisfaction with wage compensation retreated slightly. Regarding expectations, the average expected wage offer (conditional on receiving one) and the reservation wage—the lowest wage at which respondents would be willing to accept a new job—both increased. The expected likelihood of moving into unemployment over the next four months showed a small uptick, which was most pronounced for female respondents.