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| More People Than Ever in Mortgage Lending
BLS reports mortgage employment at 535,400
December 2, 2005
By MortgageDaily.com staff
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Mortgage employment kept chugging along in October -- reaching another all-time high.
People working in the real estate finance sector totaled 535,400, up from a revised 527,400 in September, according to the Bureau of Labor Statistics. Compared to October 2004, there are about 50,000 more mortgage jobs.
Total mortgage employment was derived from 396,500 people reportedly working in "real estate credit," and 138,900 "mortgage and nonmortgage loan brokers."
The bureau, a division of the Department of Labor, said the national unemployment rate was 5% during November, unchanged from the prior month.
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