Reported about 2 months ago
A recent survey from the Federal Reserve Bank of New York reveals increasing anxiety among Americans about job security, with job satisfaction, wage contentment, and benefits satisfaction all declining in July. The average expected likelihood of unemployment has reached a record high of 4.4%. Despite these concerns, job offer activity remains steady, and the average 'reservation wage' — the minimum wage one would accept — has risen significantly since 2020, although much of this increase is attributed to inflation. While job growth has slowed, especially with only 114,000 jobs added in July, economists suggest this doesn't point to an imminent recession.
Source: YAHOO