Life Inc.: housing collapse, respond to crises of unemployment
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By Allison Linn, business writer
As if it is not difficult to find a job today, there are new items of evidence that the weak housing market adds to the misfortunes of jobseekers in the nation.
Challenger, gray and Christmas said Thursday that only 6.9% of the population who crossed outplacement program the company moved a new job in the third quarter.
Which is the lowest percentage since Challenger data monitoring in 1986 and is a rate of relocation of 13.4 per cent in the same quarter a year earlier.
The follow-up survey 3,000 people in the June-September period, mostly dismissed managers or executives.
Replacement, firm says the percentage decline in people who move elsewhere for their next position shows that many are poorly to sell their houses to move, or do not have any chance to get their new employers to pay hefty relocation expenses associated with depressed real estate.
"Who are owners of a House - even if they are open to a new job - job seekers are mostly blocked where they are if they are unable or refuse to sell their home without significant loss" Challenger John a., Executive Director, Challenger, gray & Christmas, said in a release.
The percentage of clients Challenger who moved new jobs actually declined to plues years since the Challenger began collecting data.
In the third quarter, 1986, 40% of people who have gone through replacement program for the Challenger moved .and employment within three months of comparable in 2000, this figure was still at 23.5%.
