Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

U.S. job satisfaction hits 22-year low

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Fewer than half of U.S. workers are satisfied with their jobs, the lowest level since record-keeping began 22 years ago, said a report released Tuesday.

The Conference Board's survey polled 5,000 households, and found that only 45% were satisfied in their jobs. That's down from 61.1% in 1987, the first year the survey was conducted.

Even though one in 10 Americans is out of a job, those who are employed are increasingly dissatisfied.

"Through both economic boom and bust during the past two decades, our job satisfaction numbers have shown a consistent downward trend," said Lynn Franco, director of the Consumer Research Center of The Conference Board, in a prepared statement.

"[That] could spell trouble for the overall engagement of U.S. employees and ultimately employee productivity," she added.

The report notes that job satisfaction has steadily declined over the years despite big improvements in the work environment, such as a reduction of workplace hazards and an increase in vacation days.

The drop in satisfaction over the past 22 years spans various aspects of employee life, including interest in work (down 18.9 percentage points) and job security (down 17.5 percentage points).

And employee satisfaction dipped across the board; workers in every age group and income levels showed a drop, but workers younger than 25 were the most unhappy in their jobs.

Almost one-quarter of respondents said they didn't expect to be at their current jobs within a year. To top of page

Index Last Change % Change
Dow 18,486.11 -6.95 -0.04%
Nasdaq 5,116.57 18.94 0.37%
S&P 500 2,171.50 3.02 0.14%
Treasuries 1.58 0.01 0.45%
Data as of 10:26am ET
Company Price Change % Change
Freeport-McMoRan Inc... 11.83 -0.55 -4.44%
Gilead Sciences Inc 81.47 -7.08 -8.00%
Bank of America Corp... 14.40 0.03 0.17%
Chesapeake Energy Co... 5.20 0.06 1.17%
Netflix Inc 91.65 3.99 4.55%
Data as of 10:11am ET
Sponsors

Sections

HSBC banker arrested at JFK airport as he prepared to leave the country. He and former trader face federal charges they manipulated currency trades. More

The Democratic Party's platform for its convention is clear when it comes to the Federal Reserve: it needs more diversity and less Wall Street More

Scientists at MIT are working on movie screen technology that would project high-res 3D imagery without relying on glasses. More