US job seekers rise to highest since 2014 in NY Fed survey ...Middle East

The New York Fed yesterday released its quarterly survey of the employment market and there was a notable softening.Job seekers jump to 28.4% in July 2024, highest since March 2014The increase was most pronounced among respondents older than age 45, those without a college degree, and those with an annual household income less than $60,000.Job satisfaction down across wages, benefits, and promotion opportunitiesUnemployment expectations hit series high at 4.4%The expected wage of job seekers also fell 3.2% y/y, with workers now anticipating offers around $65,272, down from $67,416 a year ago. This decline in wage expectations could signal softer labor market conditions ahead.Job satisfactio

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Last updated : 20 August 2024 clock 04:21 PM

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US job seekers rise to highest since 2014 in NY Fed survey ...Middle East

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