Friday, October 26, 2012

Big jump in young adults moving out of state

WASHINGTON (AP) ? Young adults are making big moves in the fledgling economic recovery, leaving college towns and parents' homes and heading out of state at the highest rate since the height of the housing boom.

New census data offer a detailed look at U.S. migration, which fell to a record low in early 2011.

The latest numbers show that adults ages 25-29 had the biggest gain in interstate migration in 13 years. They are striking out on their own to test the job market in such urban, high-tech meccas as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

In contrast, groups that showed some of the most movement in the housing boom that peaked in 2005 ? working professionals, families and would-be retirees ? are still mostly locked in place.

Source: http://news.yahoo.com/big-jump-young-adults-moving-state-040252152.html

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