Infographic just released a nifty visual in conjunction with ABF U-Pack regarding moving trends in the United States. The stats show the percentage of individuals who moved between 2010-2011 was 11.6%, the absolute lowest on record.
Although I’m not really a stats kind of gal, I do like to examine cause and effect relationships so I set out to find out what the cause was for this historic low moving rate. And, it didn’t take a rocket scientist to figure this one out…
With unemployment at an all-time high for the same time frame, it’s hardly a coincidence, right?
As I dig a bit deeper into both sites, I see that the most common state-to-state moves during 2010-2011 were from California to Texas. And, comparing the unemployment rates of both states, it’s no wonder!
In all of the metropolitan cities within California reported by the Bureau of Labor Statistics (BLS) the unemployment rates were well-above the 9.2% national average, ranging from 10% to a whopping 15%! And, drum roll please… all but 4 of the metropolitan cities in Texas reported by the BLS were well-below the national average of 9.2%. No wonder there was a mass exodus from California to Texas!
Digging a bit further down the economic food chain, I decided to research foreclosure rates. Luckily, RealtyTrac just released a 2011 foreclosure report And, unless you’ve been living under a rock, you know that the state with the highest foreclosure rate is Nevada, but guess who comes in third on the list? Yup, the Great State of California. Texas falls to #28 on the list. Just another reason why Californians grabbed a pair of boots and hit the high road!
Looking further at Infographic, I see that the second most common state-to-state move is from New York to Florida. Examining the unemployment stats for each state really doesn’t give me a whole lot of insight into that statistic, so I’m going to chalk it up to forced retirement. Ok, maybe that’s a bit much, but I know more than one family member who has been forced to retire early in the past two years AND Florida does have a penchant for attracting retirees!
Although I’m taking a lighthearted approach to the poor state of the US economy and the trickle-down effect many industries, including moving companies, are feeling because of it, the truly bright side is that things seem to be on the upswing. And, I feel confident that at the close of 2012, Infographic will release a new nifty visual showing individuals relocating at higher rate than in 2011.
Hope springs eternal!