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There’s now at least one unemployed job seeker for every vacancy in five US states, an indication that the labor market is loosening in swaths of the country. These upsides to dwelling in an enormous hub are less apparent than the low rents and good homes that have lured so many professionals to smaller cities. They additionally take time to manifest — you have to lose your job earlier than you notice how hard it will be to seek out one other. So professionals have not come to grips yet with what they gave up by shifting away. “The advantages of being a giant metropolis,” Moretti tells me, “have been underappreciated” during the pandemic.

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“If this transition redeploys expert tech employees to different sectors of the economic system, that will very well be a wholesome improvement,” stated Tim Herbert, chief research officer at CompTIA, a know-how training and research organization. In a reordering of the market for tech employees, more job seekers are trying beyond the Big Tech employers to corporations in different industries that more and more supply good opportunities. Agron Nicaj, a U.S. …