Relocating for a job in today's market
Trying to sell a home is stressful. Going out of state to take a new job is stressful. Add the two together in this market, and yikes -- not for the faint of heart.
It will probably come as no surprise, then, that a survey shows a record low percentage of job seekers relocating for new positions. Just over 7 percent of people taking jobs in the fourth quarter were changing towns to do so, according to outplacement consulting firm Challenger, Gray & Christmas.
The survey of about 3,000 workers dates back to 1986.
Even without tough times, the share has been dropping. In the late '80s, more than 30 percent of new hires were relocating, the survey suggests.
John A. Challenger, the firm's CEO, attributed this to baby boomers no longer interested in moving up the corporate ladder by actually moving, and younger workers who are less likely to crisscross the country for jobs than the boomers used to be.
"This could present some challenges for recruiters as the economy improves," he said in a statement. "Companies will have to depend more on their local talent pool."
I'm sure the local talent pool -- especially the parts of it without steady work at the moment -- wouldn't mind.
Have you relocated or are you relocating? How did you figure out where to live?