U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, Reuters reports.
An inaugural Federal Reserve survey published on Monday paints a gloomy picture of U.S. workers’ aspirations—even though the unemployment rate is at 4.3%, a 16-year low.
National measures of wages have shown only modest growth.
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Survey respondents on average say the lowest annual salary they would accept in a new job would be $57,960, down from $59,660 only four months earlier. This measure has declined since November, with most of the changes coming from older and higher-income Americans.
