The American job market has significantly downshifted as consumers, who drive the economy, are tapped out from the ongoing cost-of-living crisis under the Biden-Harris administration.
According to Friday’s employment report, only 115,000 jobs were created in July (67,000 using the more accurate household survey).
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A new State Policy Network poll finds that 8% of all voters surveyed have moved to a new state in the past two years, with cost of living and job opportunities topping their list of reasons.
In addition, more than one-third (34%) of the 2,014 voters polled over a four-day period said they have at least considered relocating with roughly one in every three pointing to ost of living (36%), job opportunities (31%) and being closer to friends and family (30%) as fueling their decisions.
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Data from the 2020 census confirms a population shift that reflects “the decade’s broad population shifts: slow growth in the Northeast and Midwest, and gains in the South and some Western states.”
The last decade’s interstate migration shift also indicated that states with higher taxes and less opportunities for job growth lost residents to lower tax states with more job opportunities.
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