The time it takes to find a job is growing longer according to a survey of 3,000 job seekers conducted by Challenger, Gray & Christmas, the outplacement firm.
According to Challenger, “the median job search among those winning positions in the third quarter lasted nearly 4.4 months,” up from 3.6 months in the second quarter.
It’s also notable that 13.4 percent of the job seekers ended up relocating to take new positions. That’s up from a first-quarter figure of 8.9 percent, but still lower than the share who relocated in 2006 and most of 2007.
Moving is stressful and expensive, and some people may simply be unwilling to take that step. But the lower percentage of relocation no doubt stems at least in part from the housing market. Job seekers who are eager to move for the right job may find themselves trapped by an inability to sell their homes (and perhaps wishing they were renters right now).
Expect Job Searches to Take Longer
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