Friday, July 30, 2010

Few in U.S. move for new jobs, fueling fear the economy might get stuck, too

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:

H. Ome said...

Economy is getting up so we should move towards US for more new jobs. But still shared great information.