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Trading news
21 Aug 2017
NY Fed: Individuals’ near-term outlook for the labor market deteriorates - Survey
The Federal Reserve Bank of New York on Monday published its findings from the Survey of Consumer Expectations (SCE) Labor Market Survey with the key quotes found below:
- Individuals’ near-term outlook for the labor market deteriorates
- Regarding consumer experiences, survey shows an increase in the proportion of individuals who searched for a job, and a decline in the average full-time offer wage
- Expectations regarding receiving job offers and the amount of average expected offer (conditional on receiving one) both declined
- The average reservation wage—the lowest wage respondents would be willing to accept for a new job—declined to its lowest level since March 2015