WASHINGTON, D.C. — Despite a long recovery and record streak of job growth, the share of Americans moving to a new location continued a steady decline in 2017, reaching a new post-World War II low, an indicator of a less mobile workforce that reflects both an aging society and economic problems facing younger workers.
The decline marked the fifth straight year in which the share of the population moving dropped. In 2017, the number fell to 11%, according to the Census Bureau. The level was nearly twice as high in 1985, 20%, but has fallen steadily, except for occasional cyclical zigzags, for the last three decades.
For decades, high rates of mobility sharply distinguished the U.S. from other developed economies in Europe and Japan. The decline in mobility is due partly to what has become a less-dynamic and fluid American labor market, some economists believe.
The decline also reflects […]