If you were recently laid off from your job, you should be collecting unemployment benefits. Unfortunately, those benefits are likely only a fraction of what you were making before. For that reason, you should actively search for a new job, but what if there aren’t many open positions in your state? Should you relocate? Maybe. Honesty, the decision is a personal one. However, before making that decision you should know the pros and cons of moving to find a new job. What are they?
The Pros of Moving to Find a New Job
You get a clean slate. Living near friends and family is nice. However, do you feel as if they look at you differently because you are unemployed? Is your poor financial situation causing stress with family and friends? Do you live in an area with a high cost of living? Have you always wanted to try a new career path, but can’t find a good career training center or can’t escape your past? If so, moving will get you a clean slate. It is stressful moving to a new state, but think about the unique opportunity. You can now start life over again, making your dreams become a reality.
Your chances of finding a job increase. Rarely are Americans willing to pack up their belongings and family for a small chance. If you want to move, you likely did the research first. You should know the area; you researched available jobs, and liked what you saw. By opting for an area where the poor economy has done little to harm the job market (and yes these communities do exist) you increase your chances of finding a job. Although there are no guarantees, you could find a job in as little as one week, but stay unemployed a year or more where you currently live.
The Cons of Moving to Find a New Job
You may lose your unemployment benefits. States have different rules and restrictions. Your unemployment benefits may transfer, you may keep receiving them, or not. For that reason, do not move just because you hear a state has a good job market. Use the internet to research these jobs and apply. Schedule a trip for interviews. Schedule many interviews in a two or three day period. If you get a job offer with a decent salary, then move. This step does involve extra travel expenses, but is less risky.
It may be hard to sell your home. If you are a renter, you could easily up and move with little to no complications. On the other hand, if you are a homeowner, you may have a hard time selling your home. Talk to a real estate agent. How are home sales in the area? Do they think your home will sell? If not, consider staying put or renting your home instead.
You get a clean slate. Above, getting a clean slate was listed as a pro to moving to find a new job after a layoff. How can it also be listed as a con? It works both ways. A clean slate is nice, but it has its downsides too. You are uprooted from those you know and love. Do you have children? You will relocate your children, forcing them to attend a new school. This may not bother your first grader, but what about your teenager? She is likely to have many objections. In fact, those objects may place a huge strain on your family. Is it worth it? Many feel only if they have a solid, well playing job lined up. Many feel it isn’t work the risk to uproot their entire family based on a maybe.
As you can see, there are many pros and cons to moving to find a new job after a layoff. The decision is yours to make; however, you may find the best success with limited travel. As previously stated, apply for jobs online. Then, travel to job interviews. Once you have a job lined up, move.