The number of unemployed managers and executives that relocated for their new job was only 6.9 % in the third quarter compared with 13.4% in the same quarter last year according to a survey of about 3,000 successful job seekers conducted by outplacement consultancy Challenger, Gray & Christmas.
“Continued weakness in the housing market is undoubtedly the biggest factor suppressing relocation. Job seekers who own a home — even if they are open to relocating for a new job — are basically stuck where they are if they are unable or unwilling to sell their homes without incurring a significant loss,” said John A. Challenger, chief executive officer of the firm.
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