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Worker satisfaction with pay, advancement at new low: Fed survey

Worker satisfaction with pay, advancement at new low: Fed survey

Summary

A recent report from the New York Federal Reserve shows that job satisfaction in the U.S. has dropped to its lowest point in several years. Workers feel less happy with their pay, benefits, and chances for promotion, and fewer are planning to switch employers.

Key Facts

  • The New York Federal Reserve released the report on Tuesday.
  • Job satisfaction among U.S. workers has reached a new low.
  • Only 9.7% of workers said they are likely to move to a new employer, the lowest in five years.
  • Satisfaction with job pay has decreased.
  • Satisfaction with job benefits has also gone down.
  • Opportunities for promotion are viewed less positively by workers.
  • The data reflect workers’ feelings about their current jobs and opportunities.
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