Monthly mortgage employment figures fell but managed to stay above the half-million mark.
People working in real estate finance totaled 501,100 during April, off from 503,600 the prior month, the Bureau of Labor Statistics reported today. Mortgage jobs, however, are better than the 480,000 reported for the same month last year.
April employment was comprised of 355,800 people working in "real estate credit" and 145,300 "mortgage and nonmortgage loan brokers," according to the bureau, a division of the Department of Labor.
May figures, likely to be released around July 1, will reflect nearly 4,000 layoffs announced by Ameriquest Mortgage-parent ACC Capital Holdings.
The drop in mortgage employment was not matched by the unemployment rate, which the agency reported at 4.6% -- "essentially unchanged."