Salary Expectations in US Hit New High: Fed Survey

[Epoch-Times-Bot]

Salary Expectations in US Hit New High: Fed Survey

Expectations regarding salaries among American workers hit a record high in November, with younger people expecting the most, according to a Fed survey.
"The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased from $72,873 in July to $73,667 in November, the highest reading of the series. The increase was most pronounced for respondents below age 45," the latest Survey of Consumer Expectations by the Federal Reserve Bank of New York stated.
Conditional on expecting an offer, the average expected annual salary of job offers during the next four months rose to $61,187 in November from $60,310 in July, which is also a new high in the series....

Source: Salary Expectations in US Hit New High: Fed Survey

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