Americans lowering wage expectations for new jobs: NY Fed

American workers According to the New York Federal Reserve Bank, the expectations of pay interest rates are lowered.

New York Food Food Expectations found that the so-called Reservation wage $ 74,236 has decreased from $ 82,135 in November, which was the highest level in November. The report found that the reflected salary expectations were driven by men and employees over the age of 45.

Last month, the reservation salary was immersed near November 2023, when it was $ 73,391.

The FED survey of the FED also found that 14.9% of respondents saw the probability of receiving at least one job in the next four months, which decreased from 16.2% in November.

IMF forecasts US economic growth due to trade tensions due to policy of policy

The New York’s Fed’s request has found that respondents lower their salary expectations for new work. (Reuters / Andrew Kelly / Reuters Photos)

The expectations of the respondents that Unemployment rate It will be effective for a year, from now on, by 44% to 4.6 percentage points in March, the highest read from April 2020.

In the next 12 months, the perceived probability of losing one’s work increased by 1.6 percentage points, reaching 15.7%, which is the highest level compared to March 2024.

Relationship fears, tariff uncertainty quickly dive into consumer mood

Tariffs are taxes for imports that pay importers that regularly transfer consumers to consumers at higher prices. (Photo by Selcuk Acar / Anadolu Getty Images / Getty Images)

The respondents also had less likely to report the expectation that they would have to work in their older years. Only 47.3% of respondents say they expect to work over the age of 62, and 31.6% believe that they are under 50, respectively.

The willingness to pay less for the new work is the willingness to pay less for the new job in the conditions of weakening consumer expectations on economic conditions Donald Trump He took office and imposed customs tariffs on US commercial partners, which oppose foreign countries and the escalation of the trade war.

Trump tariffs predicted to increase unemployment, but to avoid mass work. Allianz

Federal Reserve Chair Jerome Powell said tariffs could put the Central Bank in a difficult position, as it supports full employment and stable prices. (Anna MoneyMaker / Getty Images / Getty Images)

Federal Reserve Officials said that consumer prices would increase as a result of tariffs, unemployment expected higher and economic growth.

Economists increase the likelihood of the US economy Falling accesspartly due to economic changes caused by a commercial war.

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The International Monetary Fund (IMF) said on Tuesday that he now sees 37% of the decline in the US economy, 25%.

Reuters contributed to this report.