Percentage of people looking for new job highest in 10 years, key survey finds

The video discusses the current job market, highlighting increased optimism among workers but decreased satisfaction in pay, benefits, and promotion opportunities. Survey data from the Federal Reserve Bank of New York shows declining satisfaction rates. Experts suggest a shift from the 'great resignation' to the 'big stay,' where workers are open to new opportunities if they arise. As the market stabilizes post-pandemic, employees may lose some negotiating power. The video concludes with a future outlook, suggesting that falling interest rates could enhance job security.

What is the current trend in the job market according to the Federal Reserve Bank of New York?

• Increase in job satisfaction rates

• Decrease in the number of job seekers

• Stability in pay and benefits

• Increase in the number of people looking for jobs

What does the term 'the big stay' refer to in the job market context?

• Employers hiring more temporary workers

• Employees resigning in large numbers

• Workers staying in their current jobs but open to new opportunities

• A decrease in job openings

How are employers expected to attract candidates during 'the big stay'?

• By offering remote work options

• By making very good offers

• By reducing working hours

• By providing better job security

What change in negotiating power is expected as the job market stabilizes?

• Employees will lose some negotiating power

• Employees will gain more negotiating power

• Employers will lose negotiating power

• Negotiating power will remain unchanged

What impact might falling interest rates have on the job market?

• Continued market stabilization and job security

• Decrease in job opportunities

• Rise in unemployment rates

• Increase in job dissatisfaction