Mortgage jobs declined for the third consecutive month.
Real estate finance employment was 500,000 during May, down from 501,600 in April, the Bureau of Labor Statistics announced today. In May 2005, mortgage jobs totaled 479,700.
Jobs in the sector have declined each month since February, government data indicate.
May mortgage employment consisted of 355,000 people working in "real estate credit" and 145,000 people working as "mortgage and nonmortgage loan brokers," according to the bureau, a division of the Department of Labor.
Overall nonfarm employment rose by 121,000, the announcement said, while the unemployment rate was unchanged at 4.6%.
May's mortgage numbers may reflect layoffs at Washington Mutual, Merit Financial and Ameriquest.