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The rate of state-to-state relocations in the United States is an excellent indicator as to the changing nature of the U.S. Economy and job market, and in recent years it has shown a dramatic decrease. In the past two decades the rate of state-to-state migration has decreased by half, with the primary market being young adults in the 25-29 year old age group. This shift in the demographics for long distance moves outlines a change in the U.S. Job market and economy; as established professionals are struggling to recover from the economic recession, young adults are exploring opportunities in other cities as they've exhausted the avenues available to them presently and have less obligations to stay in place.
The bottoming-out effect of the economic recession has left young adults with little obligation to remain in place. The expenses of college admission has risen at a faster rate than national inflation, with the cost of public four-year colleges rising 68% just over the past decade. The risk involved with the high expenses and lowered promise of finding work after college has resulted in a large decrease in overall college attendance. This along with the limited job market has resulted in a very narrow range of opportunities left for young adults in the country.
In the past year, however, the economy has been seeing a slow but steady recovery. The national unemployment rate has been steadily improving since July of 2011, and a recent poll shows that the majority of Americans are confident that this pattern will continue. This beacon of hope could very well be the biggest deciding factor for young adults that are pursuing interstate moves. Many long distance movers are even cultivating their services to better cater to the changing market, including anything from offering discounted rates to investing in long distance moving trucks. This further exemplifies the underlying sense that the changing demographic for long distance moves is the result of young adults dealing with the limited opportunities available in today's economy and pursuing any sign of employment that comes up.
Business specialist Clay Shirkin once wrote that "behavior is motivation filtered through opportunity", meaning the actions we take are the result of us trying to reach our goals given the choices we have. The changing pattern in interstate moving couldn't be a better example. The unique problems our economy has faced in the last decade has resulted in unique solutions and opportunities, and the country-- from moving businesses to young adults-- is adapting accordingly.
The bottoming-out effect of the economic recession has left young adults with little obligation to remain in place. The expenses of college admission has risen at a faster rate than national inflation, with the cost of public four-year colleges rising 68% just over the past decade. The risk involved with the high expenses and lowered promise of finding work after college has resulted in a large decrease in overall college attendance. This along with the limited job market has resulted in a very narrow range of opportunities left for young adults in the country.
In the past year, however, the economy has been seeing a slow but steady recovery. The national unemployment rate has been steadily improving since July of 2011, and a recent poll shows that the majority of Americans are confident that this pattern will continue. This beacon of hope could very well be the biggest deciding factor for young adults that are pursuing interstate moves. Many long distance movers are even cultivating their services to better cater to the changing market, including anything from offering discounted rates to investing in long distance moving trucks. This further exemplifies the underlying sense that the changing demographic for long distance moves is the result of young adults dealing with the limited opportunities available in today's economy and pursuing any sign of employment that comes up.
Business specialist Clay Shirkin once wrote that "behavior is motivation filtered through opportunity", meaning the actions we take are the result of us trying to reach our goals given the choices we have. The changing pattern in interstate moving couldn't be a better example. The unique problems our economy has faced in the last decade has resulted in unique solutions and opportunities, and the country-- from moving businesses to young adults-- is adapting accordingly.
Posted in: Moving and Relocating
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