New York Fed finds Americans expect record income to start new jobs

<ul><li>NY Fed finds pay needed to accept a new job at $78,645 up from $72,873 a year ago</li><li>Out of those employed four months ago, 91.4% still maintain their jobs, showing a marginal dip from 91.8% in July 2022.</li><li>Only 19.4% reported looking for a job recently, down from 24.7% last year. </li></ul><p>A New York Fed survey found that workers see a softening jobs market but are still expecting much higher wages if they switch jobs. As for actual offers, that rose to $69,475 from $60,764.</p><p>These are some scary numbers in terms of inflation and a wage-price spiral. </p><p>The survey is a monthly, nationally representative, internet-based survey
of a rotating panel of roughly 1,300 household heads that has been
conducted by the New York Fed since June 2013. </p>

This article was written by Adam Button at www.forexlive.com.