Relocation rates held steady in 2016 and the first quarter of 2017. While employment prospects are strong this year, it is not easy to find jobs in certain places across the country, according to a new report on relocation with analysis of Bureau of Labor Statistics data by global outplacement company Challenger, Gray & Christmas, Inc.
Employers’ need for talent may, in fact, be helping to boost relocation. In a small sampling of approximately 50 human resources executives by Challenger, nearly 40 percent indicated that their company actively recruits potential candidates from outside the local area due to skill shortages region’s talent pool. Meanwhile, 47 percent are always on the lookout for out-of-town talent simply because they always seek the best candidates, regardless of their location.
The percentage of unemployed managers and executives relocating for new jobs in the first half of 2013 climbed to its highest level since the beginning of the recession, according to new data released Wednesday by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc. The rising relocation rate is further evidence of an improving housing market and regional employment gains.
Download the full report.