Calculated Risk: Housing Bust impacting Manager Mobility

One of the strengths of the U.S. labor market has been the flexibility associated with labor mobility at all levels of employment – households could easily move from one region to another for better employment. The sharp decline in house prices, leaving homeowners with significant negative equity, appears to be limiting this flexibility.

Bad times for moving companies

It’s Saturday morning and I’m not sufficiently caffeinated, sitting in my office catching up on the news when I come across this chart.  So I get up and get another cup of Joe, sip and think a little more about just what this chart is telling me.

A lot.