Americans Are Moving House Less than Ever, Which Could Mean Trouble for the Job Market
November 22, 2019
Americans are staying put. New data from the Census Bureau shows that fewer Americans are moving to a new home more than ever before. Over the last year, only 9.8 percent of Americans changed address, the lowest percentage since records began in 1948.
Some of this may be due to high housing costs, but it may also mean the job market is beginning to slow. Moves often coincide with a new job, or at least the prospect of one. However, in the last 12 months, just 12 percent of moves were because of a new job or transfer. Less than 1 percent were spurred on because of the search for work. The most common reason, at 17 percent, was because the movers simply wanted a new or better home.