July 2015
Job Seekers Shun Relocation and Companies Can Choose from Local Talent As Job Markets Improve
Fewer job seekers moving for work as local markets improve #jobsearch #relocation http://t.co/UE21hNtoGE pic.twitter.com/1qKpC2670x
— ChallengerGray (@ChallengerGray) July 21, 2015
Silver Lining From This Morning's Employment Situation Report
Once again, much of the focus on today’s employment situation report fell on the participation rate, which tumbled to 62.6 percent, the lowest since the late 1970s. However, a closer look at the numbers reveals that for the two-thirds of the civilian labor force in their prime working years of 25 to 54, the participation rate is only 4.0 percentage points off of historic highs reached in dot.com heydays.