mobile-bannertablet-bannerdesktop-banner
Brexit UK EU referendum concept with flag and handwriting text
Photograph by Getty Images/iStockphoto

Brexit Has Launched a New British Invasion of Job Seekers

Jul 11, 2016

With some economists predicting the U.K.’s likely exit from the EU will kick off a recession there, some Brits are taking no chances. They’re getting ready to move abroad. Indeed.com reports that British candidates searching its job site for U.S. jobs soared 170% following the Brexit announcement on June 24.

There’s nothing particularly new about citizens of the U.K. looking for work on this side of the pond, or vice versa, but Tara Sinclair, Indeed’s chief economist, notes that the current surge in volume is a potential hiring boon for U.S. employers. "Many of these workers have the skills and education to enter fields such as technology and health care,” she says. And both of those fields are struggling with talent shortages.

Some job seekers are looking to the very countries of the EU that Britain will be leaving, observes Mariano Mamertino, an Indeed economist who watches the European job market. “Cities like Dublin and Berlin are quickly becoming talent magnets," he says, "offering a good quality of life and, crucially, a lower cost of living than cities like London.”

Still, the U.S. is Britons’ Number One destination, according to Indeed’s data, with 30% of total would-be emigrants. Canada comes in at a distant second, with 13%, followed by Ireland (9%), Australia (6%), United Arab Emirates (6%), and France (5%).

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions