Americans Have Never Been So Unwilling to Relocate for a New Job

Bloomberg (05/16/2023)
  • A recent survey of 3,000 job seekers nationwide found that Americans are increasingly unwilling to relocate for a new job.
  • The share of job seekers moving for a new role fell to a record low of 1.6% in Q1 2023, much lower than nearly 1/3 in the 1980s and 90s.
  • The rise in remote and hybrid roles post-pandemic and higher interest rates making house purchases more expensive have contributed to this trend.
  • Diminishing long-term job security has made workers less willing to relocate.