Workers want at least $76,000 to take new job

The lowest annual pay a worker would find acceptable for taking a new job reached $75,811 in March, up about $2,100 from November, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations

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The increase to the average reservation wage, or the lowest pay people would accept when taking a new job, in March was driven by respondents above age 45 and those with at least a college degree, the bank said. 

The figure for men climbed to $88,900 in March, up $3,200 from November. The figure climbed to $63,100 for women, up by $1,400 from November, according to Bloomberg

The average full-time offer received in the past four months increased to $62,088 from $59,834 in November 2022.

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