U.S. Jobs & Labor Report: September 2023

Morning Consult data continues to show little weakness in the labor market, with the incidence of lost pay or income near series lows and the share of employed adults who are actively looking for a new job on the rise. While quits rates have fallen from their post-pandemic peaks, a large share of workers are still finding it beneficial to seek out new jobs. Workers continue to feel they have relatively strong leverage, adding upward pressure to wages, where nominal wage growth has surpassed the pace of inflation in recent months.