SCE LABOR MARKET SURVEY
March Survey: The proportion of individuals who reported searching for a job in the past four weeks increased to 24.3 percent, up from 22.7 percent in November 2018. The average full-time offer wage received in the past four months jumped notably to a series high of $66,415, from $58,035 in the previous survey.
SURVEY OF CONSUMER EXPECTATIONS
March Survey: Respondents’ median inflation expectation was stable at 2.8 percent at the one-year horizon, while increasing by 0.1 point to 2.9 percent at the three-year horizon. Home price change expectations remained subdued at 3.0 percent—a series low—for the fourth consecutive month, with expectations for earnings and household income growth edging up.
Quarterly Report on Household Debt and Credit
Q4 Report: Total household debt increased by $32 billion, or 0.2 percent, to reach $13.54 trillion in the fourth quarter of 2018. Newly originated auto loans totaled $144 billion, continuing a nine-year growth trend. In fact, auto loan originations totaled $584 billion in 2018, the highest level in the nineteen-year history of the data (in nominal terms).