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Job Growth in U.S. Erodes as Housing Bust Pushes Mobility to Record Low

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FREEZE, YOU'RE SURROUNDED... BY HOUSES
"The ability to relocate for employment, which helped the U.S. recover quickly after previous deep recessions, is the latest victim of the housing bust," according to Bloomberg. "About 12.5 percent of Americans moved in the year ended March 2009, the second-lowest ever, estimates Brookings Institution demographer William Frey, after a 60-year record low of 11.9 percent the previous year."
SOURCE:   Bloomberg

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