Few in U.S. move for new jobs, fueling fear the economy might get stuck, too: "Labor mobility has nearly ground to a halt in the past two years, and policymakers are increasingly worried that the slowdown is not just a symptom of the nation's economic struggles but also a barrier to overcoming them.
With many people locked in homes by underwater mortgages, only 1.6 percent of Americans moved between states in a one-year period that ended in March 2009 -- a labor stagnation not seen in half a century."
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Thanks to Shu Bartholomew for this link. People aren't buying homes because they can't sell the one they have. How can they move to another city without a job to go to, and without selling their home?
1 comment:
Economy is getting up so we should move towards US for more new jobs. But still shared great information.
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