Salary expectations for American workers hit new high

Salary expectations reached its highest level in nearly a decade.

That's according to the New York Federal Reserve's new labor market survey.

It found the lowest salary that potential applicants are willing to accept for a new job is nearly $74,000 a new record high.

That's the largest amount the survey has seen since it began in 2014.

The increase was most pronounced among workers under 45-years old, as younger workers have looked for opportunities with greater flexibility and fulfillment amid the pandemic’s “Great Resignation.”

Surveyors found fewer workers were looking for a new job in November.