Rising Relocation Rate Bodes Well for Labor-Starved Oil Patch

The percentage of managers and executives relocating for new jobs in the first half of 2013 was double that of the same period in 2012.

On average, 14% of unemployed managers and executives relocated between January and June in order to get jobs – according to new data from global outplacement firm Challenger, Gray & Christmas. That's the highest first-half average since the start of the recession.

CEO John Challenger says this trend should help cities and towns in the Permian Basin and Eagle Ford Shale regions. He says the benefits won't be limited to the oil industry.

"Think about Midland, Texas. You might, as a job seeker, think there's no jobs there unless you're working in the [oil] business. But it's really not the case. When you see an area start to really grow, there's lots of effects beyond just that industry driving the growth. Jobs in health care, in education, retail, business services — people with all sorts of skills can find jobs in those areas."

Challenger credits the recovery of the housing market for the growing willingness of job seekers to up stakes and move for employment.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...