Improvements in Housing Market Bring Greater Workforce Mobility
New trends show the American workforce may be regaining the mobility it enjoyed before the recession as home prices in major cities rise.
For much of the past five years, falling house prices effectively locked people in their homes, since many were "underwater" - owing more on their mortgages than they could raise by selling. At the same time, double-digit unemployment across much of the nation meant there were few jobs to move for anyway.
New trends show that may be changing, as home prices in major metropolitan areas have been rising since early 2012, allowing the American workforce to become mobile again.
Join the Discussion
LATEST MANAGEMENT & LABOR HEADLINES
Airbnb's Tax Deal With Kansas May Be Model for Midwest18 hours ago
Pence's Indiana Replacement Creates Drug Czar Position4 days ago
More Than a Haircut: Barbershops Are Hubs for Social Change4 days ago
After 40 Years, U.S. Court Ends Supervision of D.C.'s Developmentally Disabled Care5 days ago
On Day 1, Missouri Governor Freezes New Regulations5 days ago
Ex-Florida Politician Pleads Guilty to Bribery as FBI Probe Continues5 days ago