Americans have never been so averse to job relocation.

Cannot and will not budge. This is the approach that more and more Americans who are seeking new employment are taking.

In the first quarter of 2023, the proportion of job seekers who relocated to accept a new position fell to 1.6%, the lowest level on record, according to a survey conducted by executive coaching firm Challenger, Gray & Christmas, Inc.

A post-pandemic increase in remote and hybrid positions has made it possible for a greater number of workers to remain in the same location even after changing employment. Moreover, higher interest rates have made it more expensive to purchase a home elsewhere, particularly when people are also required to sell an existing home with a low-cost mortgage.

All of this comes on top of longer-term trends that have seen US workers become progressively less willing to relocate, possibly because declining job security has made the costs of relocating seem like a less secure investment.

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Andrew Challenger, senior vice president at Challenger, Gray & Christmas, remarked that during the 1980s and 1990s, nearly a third of job-seekers sought new employment. Currently, remote and hybrid positions keep employees at home.

According to Challenger, approximately one-third of US companies report that the majority of their employees are in the office, up from 13% last autumn. Despite this, numerous employees are refusing to return to work.

According to data from Kastle Systems, a company that manufactures office key fobs, fewer than half of employees in ten of the main business districts in the United States during the week ending May 10 went to the office.

The Challenger data is based on a national survey of more than 3,000 job seekers.