The proportion of people looking for a job is higher than it has been for ten years, according to a major survey

A major survey by the Federal Reserve Bank of New York shows that more people are currently looking for a new job than at any other time since March 2014.

The survey, published monthly, found that while 28.4 percent of people were looking for a new job – an increase of nine percentage points since June – worker satisfaction declined in three key categories: salary, benefits and opportunities for advancement.

Experts who spoke to Scripps News said the numbers do not necessarily indicate a decline in overall employee satisfaction, but rather greater confidence that there may be improvements along the way.

“It's almost as if we've gone from the great wave of quitting to the great wave of staying,” says Thomas Vick, senior regional director of technology at Robert Half. “People will stay where they are, but they will also consider new opportunities if the opportunity is right. That means employers have to be willing to make very good offers to lure these candidates away from their current jobs.”

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Experts predict a stabilization of the labor market compared to the so-called “great wave of layoffs,” when employers offered attractive compensation and benefits packages to attract employees.

Mark Hamrick, Bankrate's Washington bureau chief and senior economic analyst, said workers will have less power in negotiating a new job or a promotion.

“How are workers responding to this? They are hoping for a raise, a better job with higher pay and maybe the opportunity to work from home if they can afford that – you call it – luxury,” he said.

With interest rates expected to be cut this fall, analysts expect the market to continue to stabilize, potentially providing more job security for those already employed.