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| Despite thousands of hirings, new government data indicate mortgage jobs continued to diminish in March.Mortgage sector headcount ended March at 269,900, according to data released today by the Bureau of Labor Statistic. Employment eased from a revised 270,400 at the end of February and a revised 321,900 in March 2008.
Positions in “real estate credit” accounted for 196,800 of March’s total, off from February’s 197,200. “Mortgage and nonmortgage loan brokers” accounted for 73,100, down from 73,200. The decline in mortgage employment came despite thousands hirings tracked by MortgageDaily.com, including 5,000 jobs added at Wells Fargo & Co. during the first quarter and another 5,000 employees being hired at Bank of America Corp. — some of which occured during March. The following table summarizes March layoffs tracked by MortgageDaily.com.
In April, U.S. unemployment rose to 8.9 percent from 8.5 percent in March, according to the bureau — which operates within the U.S. Department of Labor. Total private sector employment fell 611,000 in April and has fallen 5.7 million since the beginning of the recession in December 2007. |
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