Center for Microeconomic Data

 
SURVEY OF CONSUMER EXPECTATIONS
December Survey: Consumers Have Mixed Inflation Expectations, Expect Lower Job Turnover
  • Median inflation expectations were unchanged at 3.0 percent at the one-year-ahead horizon, increased to 3.0 percent from 2.6 percent at the three-year-ahead horizon, and declined to 2.7 percent from 2.9 percent at the five-year-ahead horizon.
  • The mean perceived probability of losing one’s job in the next twelve months declined by 1.6 percentage points to 11.9 percent. The mean probability of leaving one’s job voluntarily in the next twelve months also declined by 2.0 percentage points to 18.2 percent. Both readings are the lowest since January 2024.
  • The mean perceived probability of finding a job if one’s current job was lost declined sharply to 50.2 percent from 54.1 percent in November, the lowest reading since April 2021.



For more details:
Press Release: Inflation Expectations Mixed; Job Turnover Expectations Decline
SURVEY MODULES
SCE Credit Access
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SCE Household
Spending Survey
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SCE Housing
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SCE Labor Market
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SCE Public Policy
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Fielding the Survey
The SCE is a nationally representative, Internet-based survey of a rotating panel of approximately 1,300 household heads. Respondents participate in the panel for up to twelve months, with a roughly equal number rotating in and out of the panel each month. Unlike comparable surveys based on repeated cross-sections with a different set of respondents in each wave, our panel enables us to observe the changes in expectations and behavior of the same individuals over time.
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