{"id":51186,"date":"2023-08-21T13:23:55","date_gmt":"2023-08-21T17:23:55","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/job-seekers-are-being-offered-9000-more-than-a-year-ago-but-workers-are-feeling-more-insecure\/"},"modified":"2023-08-21T13:23:58","modified_gmt":"2023-08-21T17:23:58","slug":"job-seekers-are-being-offered-9000-more-than-a-year-ago-but-workers-are-feeling-more-insecure","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=51186","title":{"rendered":"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure"},"content":{"rendered":"
\n

How much money are you worth?\u00a0<\/p>\n

Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The average full-time offer over the past four months was for $69,475 a year, up $9,000 from an average annual salary of $60,764 one year ago, according to the Survey of Consumer Expectations released by the Federal Reserve Bank of New York on Monday. Some 19.5% of job seekers reported receiving at least one job offer over the past four months, down from 21.1% a year ago.\u00a0<\/p>\n

\n

Job seekers are also expecting higher salaries than a year ago \u2014 about $7,000 more per year. Across all age groups and education levels, job seekers in July said they expect an annual salary over the next four months of $67,416, the highest level since the series began in 2014 and up from $60,310 a year ago. Workers older than 45 and college graduates expected a bigger increase in the salaries offered to them than did other workers.<\/p>\n

The average \u201creservation wage\u201d \u2014 the lowest wage that respondents would be willing to accept for a new job \u2014 reached $78,645, the highest reading since the series began, up from $72,873 in July 2022. This annual increase was most pronounced for respondents older than 45, the New York Fed\u2019s Survey of Consumer Expectations\u2019 Labor Market Survey found. <\/p>\n

A tougher job market for younger workers<\/h2>\n

Despite the higher salary expectations, more workers are feeling insecure about their jobs than a year ago, fewer people are looking for new jobs and more people are concerned about becoming unemployed. The share of individuals who reported searching for a job over the past four weeks ticked down to 19.4% in July from 24.7% a year ago. Workers under 45, job seekers without a college degree and those earning less than $60,000 a year in their household led that decline.\u00a0<\/p>\n

Those younger and lower-paid workers also expressed more concerns about becoming unemployed in the next four months. For workers under 45, 5.5% expected to become unemployed, compared with 2.3% a year ago.\u00a0For all workers, the average expected likelihood of becoming unemployed increased to 3.9% from 2.3% a year ago and also reached the highest level since March 2020, at the start of the COVID-19 pandemic.<\/p>\n

The U.S. added 187,000 jobs in July and hiring began to slow, according to government data released earlier this month. Although economists said it\u2019s still a strong job market, with employers struggling to find workers, entry-level hiring declined across industries. The U.S. unemployment rate, meanwhile, fell slightly to 3.5% in July from 3.6% in June, according to the latest government data.\u00a0<\/p>\n

Read:<\/strong> \u2018Most jobs are vehicles and not destinations:\u2019 Entry-level hiring slows, but these jobs are on the rise for new graduates.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The average full-time offer over the past four months was for $69,475 a year, up $9,000 from an average annual salary of $60,764 one year ago, according to the […]<\/p>\n","protected":false},"author":1,"featured_media":51187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-51186","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nJob seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure | iFintechWorld<\/title>\n<meta name=\"description\" content=\"How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=51186\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=51186\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T17:23:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-21T17:23:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1692638636_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1279\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=51186#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=51186\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure\",\"datePublished\":\"2023-08-21T17:23:55+00:00\",\"dateModified\":\"2023-08-21T17:23:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=51186\"},\"wordCount\":460,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=51186#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=51186\",\"url\":\"https:\/\/ifintechworld.com\/?p=51186\",\"name\":\"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-21T17:23:55+00:00\",\"dateModified\":\"2023-08-21T17:23:58+00:00\",\"description\":\"How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=51186#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=51186\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=51186#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure | iFintechWorld","description":"How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=51186","og_locale":"en_US","og_type":"article","og_title":"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure | iFintechWorld","og_description":"How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The","og_url":"https:\/\/ifintechworld.com\/?p=51186","og_site_name":"iFintechWorld","article_published_time":"2023-08-21T17:23:55+00:00","article_modified_time":"2023-08-21T17:23:58+00:00","og_image":[{"width":1279,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1692638636_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=51186#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=51186"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure","datePublished":"2023-08-21T17:23:55+00:00","dateModified":"2023-08-21T17:23:58+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=51186"},"wordCount":460,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=51186#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=51186","url":"https:\/\/ifintechworld.com\/?p=51186","name":"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-21T17:23:55+00:00","dateModified":"2023-08-21T17:23:58+00:00","description":"How much money are you worth?\u00a0 Employees still have the upper hand in the labor market, with job candidates being offered more money than last year. The","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=51186#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=51186"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=51186#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Job seekers are being offered $9,000 more than a year ago, but workers are feeling more insecure"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/51186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51186"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/51186\/revisions"}],"predecessor-version":[{"id":51188,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/51186\/revisions\/51188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/51187"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}