Mortgage jobs at banks and non-banks expanded by an estimated 5,600 positions in June. Across all industries, the unemployment rate inched up last month.
The U.S. economy added 209,000 nonfarm jobs during July, falling well short of the 288,000 employees that were added the previous month.
But the country’s job growth has picked up steam since July 2013, when nonfarm payroll employment gained just 162,000 positions.
The numbers were announced Friday by the Bureau of Labor Statistics.
The report indicated that the unemployment rate was 6.2 percent, worsening from 6.1 percent in June but much improved from 7.4 percent in the year-earlier report.
Non-bank mortgage jobs, which are reported on a one-month lag, totaled 282,200 in June, BLS data indicate.
The sector gained 2,200 jobs from May. The prior month number was revised up to 280,000 from 279,100 originally reported.
But employment in real estate finance has been slashed compared to June 2013, when there were 306,500 people in the business. The BLS originally reported the year-earlier number at 295,800.
The June 2014 mortgage jobs total included 211,400 employees classified as “real estate credit,” growing from an upwardly revised 208,600 the prior month.
“Mortgage and nonmortgage loan brokers” made up another 70,800 jobs, fewer than 71,400 in May.
Mortgage Daily estimates that total mortgage industry jobs — including mortgage positions at financial institutions — expanded to 712,600 in June from an upwardly revised 707,000 in May.
Mortgage Daily’s estimate factors in BLS numbers and origination market share data for banks, credit unions and non-bank loan originators.
