Mortgage jobs continue to decline and are headed even lower.
During June, 458,800 people worked in mortgage lending, the Bureau of Labor Statistics reported today. Jobs in the sector tumbled from 466,200 in May and 501,100 a year earlier.
Employment numbers are released about 30 days following the end of each month.
"Real estate credit" represented 323,300 of June's total -- accounting for most of June's decline, while "mortgage and nonmortgage loan broker" numbered 135,300, according to the agency -- a division of the U.S. Department of Labor.
Impacting June's mortgage employment numbers were layoffs at Washington Mutual Inc., BNC Mortgage LLC and GreenPoint Mortgage.
Upcoming reports are likely to reflect even bigger declines as the collapse of the subprime sector is leading to massive layoffs at American Home Mortgage Investment Corp., First NLC Financial Services, Accredited Home Lenders Holding Co. and Fieldstone Mortgage Co.
The unemployment rate was 4.6 percent during July, unchanged from June, the report indicated.