Mortgage Jobs Continue to Take Pounding
Government reports mortgage-related jobs down by 5,800 in December February 6, 2004 By MortgageDaily.com staff |
The government’s latest employment report showed that more than 5,000 jobs were cut from the mortgage industry.
The Bureau of Labor Statistics reported that the non-seasonally adjusted number of people employed in mortgage-related jobs totaled 438,900 in December, while the previous month the revised number stood at 444,700. A year ago, the total was 410,000. The Bureau, a division of the U.S. Department of Labor, reports the numbers about 30 days following the end of each month. The total was comprised of 121,600 loan brokers, both mortgage and nonmortgage, and 317,300 people working in Real Estate Credit, the report said. The decline in mortgage employment numbers follows recent reports of layoffs from Washington Mutual and Fairbanks Capital Corp. Due to slowed business, National City Mortgage also recently cut about 250 temporary jobs after eliminating 2,500 jobs in the fourth quarter, according to an online Dayton Business Journal report. The unemployment rate continued to descend — in January it was 5.6%, or 8.3 million people, down from the prior month’s 5.7%. |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at