U.S. Workers Report Growing Job Dissatisfaction

A recent survey by the Federal Reserve Bank of New York reveals growing dissatisfaction among U.S. workers with their jobs, particularly regarding wages, benefits, and promotion opportunities. Job satisfaction has declined significantly, with only 56.7% satisfied with their wages and 56.3% with benefits. The survey also shows a marked increase in job-seeking behavior, with 28.4% of respondents looking for new employment, the highest rate since 2014. The dissatisfaction is most pronounced among women, those without a college degree, and households earning less than $60,000 annually. Additionally, the likelihood of becoming unemployed has risen to 4.4%, and many expect to work past traditional retirement ages due to financial concerns. Economists and central bankers are closely monitoring these developments for broader economic implications.