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So few people are willing to relocate for a new job that it just hit a record low.
Fortune ^ | May 16, 2023 | Alex Tanzi

Posted on 05/17/2023 8:31:56 PM PDT by anthropocene_x

Can’t move, won’t move. That’s increasingly the approach of Americans who are in the market for a new job.

The share of job seekers who relocated to take up a new position fell to 1.6%, the lowest level on record, in the first quarter of 2023, according to a quarterly survey that’s been carried out by executive coaching firm Challenger, Gray & Christmas, Inc. for decades.

Behind the shift in attitudes lies a post-pandemic surge in remote and hybrid positions, which has made it possible for more workers to stay where they’re living even as they change jobs. What’s more, higher interest rates have made buying a house somewhere else more expensive — especially when it also requires people to sell an existing home that’s financed with a mortgage locked in at low costs.

And all of that comes on top of longer-term trends that have seen US workers grow steadily more reluctant to relocate — perhaps because diminishing job security has made the costs of moving house seem like less of a safe investment.

“In the 1980s and 90s, nearly a third of job seekers would move for new positions,” said Andrew Challenger, senior vice president at Challenger, Gray & Christmas. “Now, remote and hybrid positions are keeping workers at home.”

About one-third of US companies say most of their workers are in the office, according to Challenger — up from just 13% last fall. Still, many workers are digging in their heels and refusing to come back.

Fewer than half of workers went to the office in 10 of the largest US business districts in the week ended May 10, according to data from Kastle Systems, a office key-fob firm.


TOPICS: Business/Economy
KEYWORDS: bideneconomy; economy; jobs; recession
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To: anthropocene_x

Probably need to fa tor in a lot of millennials and younger who never left the nest and have no intention of ever doing so.
Can’t afford to rent or buy in another city if you’re still paying off that useless degree that prepped you for a job that has lower market value than, say, a Starbucks barista.


21 posted on 05/18/2023 4:25:51 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Spktyr

When my daughter was looking for a job, she came across one that was 100% remote yet required relocation to another state. She turned that one down flat.

She is a book editor and works from home. In June, she’s going to a work conference near where we live. The company is paying her flight so she’s coming a few days early, then spending a week with some friends, then another week with us before flying home. There’s some real benefit to remote work.


22 posted on 05/18/2023 5:39:10 AM PDT by cyclotic
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To: Noumenon
Oh boy, how true. All these Job sites just looks for key words and send out an email in hopes of getting a hit.

A lot of the Recruiting companies run by Indians need to contact Americans for open positions knowing that they would either never take the job based on the unrelated qualifications -or- offer a salary so low anyone in their right mind would refuse.

Then, when no Americans take them up on the offer, they can go to the gov’t and cry that there are not enough Americans to take the jobs and they can get the H1B visa candidates into the country from India for pennies on the dollar ... basically bring them over as indentured servants.

23 posted on 05/18/2023 6:20:26 AM PDT by CapnJack ( )
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To: Noumenon

India sweat shops have been doing this for 20 years.
Its their end around to keep their H1b jobs.
“We searched around and couldn’t find any Americans qualified so we had to get more H1b from India.”

I got similar emails and the pay they offered was a 60% cut in pay for me.


24 posted on 05/18/2023 6:50:09 AM PDT by Zathras
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To: anthropocene_x

So few people are willing to relocate for a new job.

Except those from India


25 posted on 05/18/2023 9:05:41 AM PDT by Vaduz (....)
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To: anthropocene_x

I just plain don’t want to work in an office anymore. There is not legitimate reason for the kind of work I do not to be remote. I’ll work for any decent company as long as they have enough work for me and I can do it remotely.


26 posted on 05/18/2023 11:07:24 AM PDT by zeugma (Stop deluding yourself that America is still a free country.)
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