Zillow research analyst Cody Fuller matches up Millennial "movers" (metro-to-metro) with their reasons for picking up and resettling, and he extracts some surprising, even counterintuitive, insights from the data.

There is a strong inverse relationship between a given area’s unemployment rate and its share of millennial movers, with millennials representing a larger share of movers to metros with lower unemployment (Figure 1). There are outliers, of course. Miami appears to be attracting a relatively small share of millennial migrants given its level of unemployment, similar to Las Vegas, Tampa, Phoenix and Richmond.

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