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More U.S. job hunters look for work in other countries

November 17, 2009 23:30 by Ann Pace
Here's one way to deal with the brutal U.S. job market: Leave the country.

With the nation's unemployment rate at a 26-year-high of 10.2%, more Americans are hunting for, and landing, work overseas, according to staffing companies and executive search firms.

TELL US: Have you ever considered relocating out of the country for a job?

Jeff Joerres, CEO of Manpower, the No. 1 U.S. staffing company, says about 500 clients are seeking jobs abroad, up from a few dozen six months ago.

"It suddenly looks like there may be better opportunities outside the U.S.," Joerres says. "It is a phenomenon we haven't had before."

While the number of globe-trotting job candidates is still relatively small, the trend reverses a longtime pattern of far more foreign workers seeking jobs in the U.S., Joerres says.

Fifty-four percent of executives said they'd be likely or highly likely to accept a foreign post, according to a survey of 114 executives Friday by talent management company Korn/Ferry. Just 37% of those surveyed in 2005 said they'd go abroad.

Read the full article.


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