American job hunters are expecting more money and don’t want to take a new position for less than nearly $74,000 — a new record high.
The lowest average wage that workers are willing to accept for a new job jumped $794 from July to November — to $73,667, according to a New York Federal Reserve Bank survey on inflation and labor released last week.
The figure is the highest salary expectation since the monetary authority began the series.
The increase was most pronounced among workers under 45, as younger workers have looked for opportunities with greater flexibility and fulfillment amid the pandemic’s “Great Resignation.”
The heightened wage expectations also came as fewer workers were searching for jobs and satisfaction with compensation, benefits, and promotion opportunities among employers was up in November, the survey from the Federal Reserve Bank of New York’s Center for Microeconomic SCE Labor Market found.
Still, the perceived probability of finding a new job increased for the fourth consecutive month, according to the mean survey response — and the probability of losing one’s job over the next year was lower.
The average job offer amount nationwide had also jumped over a four-month period from $60,310 in July to a record $61,187 in November.
Raises are ZERO because Biden Already took it Back from you !!!!! Inflation
I will work ANYWHERE for $74,000!
Answers why there are so many vacant job positions with Wicomico County government. Only jobs that pay more than $75000 are department head jobs. The majority of county jobs pay less than $50000 and even into $20000.
5:51 – BOE has MANY folks making in excess of 75k, yet they still complain that they don’t make enough money. The entire county would love to make that kind of money, and the best part is that once you in in with the BOE, you are set for life!
You really just took a Salary DECREASE !!! Wake Up