While people relocate for a variety of reasons, probably not surprisingly, one of the top reasons, as benchmarked in the U.S. Census Bureau survey, was that people move to get a new job.
Consider that the job market is no longer a local affair either; online job searches allow talent to find jobs locally, regionally or across borders. These days nearly every job change carries a greater potential for moving. In fact, global mobility programs are more and more involved in creating and supporting talent development programs too.
December 2017 saw 148,000 net new jobs added to the U.S. national labor market, which while below consensus figures, was still very healthy.
As corporate relocation continues to grow and global mobility staff are managing greater volumes and a greater diversity of programs and policies, they are also dealing with a greater number of destination and host locations.
Q: Where are people going?
A: Where the jobs are.
According to the Bureau of Labor Statistics, there are five states in the U.S. that make up 51% of that job growth.
- New York
As it relates to cross-border talent movement, the KPMG International GAPP survey identified the top 10 destination countries as:
- United States
- United Kingdom
- Hong Kong
In 2018, where will be your company's top talent destinations?
Seven of the 10 fastest job-creating states were in the West. Nevada, Oregon, Utah, Washington, Idaho, California and Colorado all increased employment by 2% or more in 2017. See the data. Most of the states in the Northeast and Midwest grew slower than the 1.4% national average. The Rust Belt is still struggling, although Boston, New York, Washington and — surprisingly — Detroit have been adding a lot of jobs this year. Chicago, Philadelphia, Baltimore, Cleveland and Indianapolis are lagging. Many of the states in the Southeast grew a bit faster than the national average, boosted by warm weather and lower costs. Lots of jobs are being created in the growing cities of Texas, Florida, North Carolina, Georgia and Tennessee.