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Worker Salary Expectations for Taking New Gigs Hits Record High  

Employers are expected to pay a minimum yearly salary of nearly $79,000 for recruits to take on new jobs, according to the Federal Reserve Bank of New York.

Federal Reserve of New YorkA recent survey from the Bank’s Center for Microeconomic Data found that the lowest average annual salary respondents would be OK with accepting for a new job would be $78,645. That represents a year-over-year increase from $72,873 in July 2022.

“The average expected likelihood of working beyond age 62 declined to 47.7% from 48.8% in July 2022, the lowest reading since the start of the series in March 2014,” the institution said in a release. “The series has largely been on a downward trend since November 2020. The average expected likelihood of working beyond age 67, however, edged up to 32% from 31.3% in July 2022.”

Read the release from the Federal Reserve Bank of New York. 

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