If Tom Joad were here today (and real), he might just sit tight in his home state of Oklahoma.
That’s because, despite record high unemployment and an unequal distribution of jobs across the fifty states, fewer unemployed Americans are hitting the road in search of work since World War II.
Worse: only 7.3% of job seekers relocated for work in the fourth quarter of 2009, according to Challenger, Gray & Christmas.
Perhaps employers just aren’t hiring across state lines, but some people have it tough—saddled with debt, or a home that they can’t sell. Who’s got the cash for a big move into the unknown?…
What you need to know today to survive and thrive in the recession.
Recession-weary bankers are joining Fight Club-like mixed martial arts gyms. “We get a lot of finance guys,” said Max McGarr, the gym’s program director and a professional fighter. “It’s a good release from their job. If you lost hundreds of thousands of dollars, it’s good to come here and get it out.” (Bloomberg)
Health-care spending in the United States grew last year despite a contracting economy, amounting to 17.3 percent of the gross domestic product, according to estimates released Wednesday. (Washington Post)
Gifts to colleges and universities declined almost 12 percent in the 2009 fiscal year, to $27.85 billion, according to the Council for Aid to Education’s annual survey of voluntary support of education. It was the steepest decline in the survey’s 53-year history. (New York Times)…
Why get out of Dodge when you can recreate Dodge? There are people you haven’t met, tourist traps you haven’t considered, road configurations you haven’t taken—and at the end of the day, it’s a fine place to live. And it’s up to you to make it so.
Since the start of the recession in 2007, Americans’ overall mobility—that is, the number of people who moved from one state to another—has dropped to its lowest levels since WWII, according to the Brookings Insitution. That’s because picking up and moving just isn’t as simple as it used to be. With unemployment rates still at record highs in many parts of the country and real estate troubles forcing homeowners to stay put while they wait to find a buyer, it’s hard for people to move to wherever it is that they want to be…
Michelle did it for Barack. Brad does it at least twice a year for Angelina. And thousands of non-famous people do it everyday for the people they love. We’re talking about relocating, and in these economically volatile times, a lot of people are doing it for the sake of work or a lower cost of living. But before you pick up, say goodbye to everyone you know, and move across the world for your partner, be sure to ask yourself and him (or her) some very important questions. Read: How To Make Long-Distance Love Work
1. How long will this relocation last? There’s a big difference between living in Florence for three months (romantic!) and moving to Sheboygan Falls indefinitely (quite possibly a tad less romantic). Consider what kind of trip this will be and be honest about yourself about what you and your relationship can handle. Scenarios with a light at the end of the tunnel often go more smoothly than those that go on forever, but every situation is, of course, different…