American workers grew more confident in May even as their expectations for inflation declined, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.
The perceived chance of voluntarily leaving a job in the next 12 months jumped 2.6 percentage points to 20.8 percent, the highest reading since February 2023. The increase was broad-based across age, education, and income groups.
Voluntary quit expectations are widely regarded as a measure of worker confidence because workers are typically more willing to leave the security of an existing job when they believe they have attractive…
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