U.S. job-seekers willing to accept lower wages, Fed survey shows

THE AVERAGE SO-CALLED reservation wage of survey respondents declined to $58,000 last month. / BLOOMBERG FILE PHOTO/ANDREW HARRER
THE AVERAGE SO-CALLED reservation wage of survey respondents declined to $58,000 last month. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - Job-seekers in the U.S. have in recent months reduced the amount of money they would need to be offered to accept a new position, according to a new survey from the Federal Reserve Bank of New York. The average so-called reservation wage of survey respondents declined to $58,000 last month, marking the…

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