Americans are lowering wage expectations for new jobs: NY Fed

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

The Federal Reserve Federal Reserve Survey in New York found that the alleged reservation fee for a new mission decreased to $ 74236 in March from $ 82135 in November, 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 expected that the unemployment rate will be the highest year from now, 4.6 percentage points jumped to 44 % in March-highest reading since April 2020. The increase was wide across age groups, 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

Definitions are taxes on imports paid by importers, who usually pass these high costs for consumers through high prices. (Photo by Selcuk Acar / Anadolu via Getty Images / Getty Images)

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 as consumers’ expectations about economic conditions at a time when President Donald Trump took office and imposed a comprehensive tariff on American trading partners, which led to revenge against foreign countries and the escalation of the trade war.

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

The head of the Federal Reserve, Jerome Powell, said that the definitions could put the central bank in a difficult position because it looks forward to supporting full employment and stable prices. (Anna Moneymaker / Getty Images / Getty Images)

Federal Reserve officials said they expect consumer prices to rise as a result of definitions, as unemployment is expected to be noticeably affected.

Economists increase the possibility of the American economy to recession, partly due to the economic turmoil from the trade war.

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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.