Job seekers have the ‘power’ to stay closer to home
Job seekers are standing in place, suggesting a widespread recovery, according to a report. The percentage of job seekers relocating for new positions declined in the first half of 2015, indicating that good job opportunities are available closer to home, outplacement firm Challenger, Gray & Christmas Inc. said today. Over the first two quarters of the year, just 10 percent of job seekers moved for new employment. That was down from an average of 15 percent in the last half of 2014. In the first half of 2014, 11.4 percent of job seekers relocated for new positions. “As local job markets improve around the country, there is less incentive to move. Employment alone is not a strong enough factor. There would have to be some other motivation, whether that’s family, health, lifestyle or cost-of-living,” CEO John Challenger said in the release. He also said that 148 metropolitan areas have unemployment rates below 5 percent, the point at which the “balance of power” shifts to job seekers and away from employers. The report was based on a quarterly survey of 1,000 people who concluded their search by finding employment, starting a business or retiring.