Americans reduce wage forecast for new jobs: NY FED

American workers They reduce their expectations from the wage rate they want to do a new job, according to research conducted by the Federal Reserve in New York.

The Federal Reserve Consumer Survey in New York found that the so -called Reservation For a new job, it decreased to $ 74,236 in March from $ 82.135 in November, which was the highest level in the data chain. The report found that low wages were driven by men and workers over 45 years old.

With the decrease in last month, the reservation fee fell near the level that was in November 2023, when it was $ 73391.

A study of the Federal Reserve in New York found that 14.9 % of the respondents see the possibility of obtaining at least one job offer over the next four months, which decreased from 16.2 % in November.

The International Monetary Fund reduces the expectations of economic growth on trade tensions and uncertainty in politics

The expectations of the respondents that Unemployment The highest year from now will be 4.6 percentage points to 44 % in March-highest reading since April 2020. The increase has been widely across ages, education and income.

The perception of the loss of individual jobs in the next 12 months increased by 1.6 percentage points to 15.7 %, which is the highest level since March 2024. This increase was greater for respondents with the annual family income less than $ 50,000.

Fears of stagnation, and the induction uncertainty drowns in the feeling of consumer

Participants were less likely to report that they had to work in their old years. Only 47.3 % of the respondents in March said they expect to work after the age of 62, while 31.6 % said they believed that they will work after the age of 67. These are both from November, when the numbers were 50.6 % and 34 %, respectively.

Workers’ readiness to take a fewer wage for a new job comes amid the weak consumer expectations about economic conditions at that time since the president since then Donald Trump He took office and imposed a comprehensive tariff on American commercial partners, which prompted revenge by foreign countries and the escalation of the trade war.

Trump’s tariff is expected to increase unemployment, but escape from the group hairstyles: Allianz

Federal Reserve Officials said they expect consumer prices to rise as a result of the tariffs, as unemployment is expected to excel.

Economists have increased the possibility of the American economy Entry of the recessionThis is partly due to the economic turmoil resulting from the trade war.

Get Fox Business on the Go by clicking here

The International Monetary Fund (IMF) said on Tuesday that it now sees a chance of 37 % of the recession for the American economy, up from 25 %.

Reuters contributed to this report.