Why moving around a trillion plus dollars creates unemployment

When you move around a trillion dollars, you move around a lot of jobs. The point of this article in the WSJ is that people don't instantly move from one job to another.

LINCOLN, N.H. -- After seven months without a paycheck, Tim Ryan turned into a werewolf.

Laid off from a construction job, Mr. Ryan finally found work last month playing the wolfman at Clark's Trading Post, a tourist attraction in the White Mountains of New Hampshire. For $12 an hour, about half what he made before, he dons furry rags, a coonskin cap and an eye patch and jumps out of the woods when the Trading Post's steam train chugs by, snarling and growling at passengers.

The job is nearly two hours north of his home in Pittsfield, N.H., too far to commute. So Mr. Ryan sleeps in an old, mold-ridden cottage with no running water that someone lets him use free. "These days, you have to do things you never thought you would," says the 52-year-old. "You have to go to extremes."

With the unemployment rate at 9.4%, some Americans are willing to go wherever they can to nab a job, even if it is temporary. To adapt, they find living quarters near the job in campers or cheap apartments, giving up normal family life for a paycheck, in a contemporary echo of the itinerants who roamed the country for work in the Great Depression. . . . .