|Mortgage Jobs Expand
Mortgage employment now at 448,900
June 4, 2004
By MortgageDaily.com staff
|Mortgage jobs increased for the third consecutive month even as mortgage activity continued to take a pounding.
In April, there were 5,200 more people working in the mortgage industry than in March, according to the latest employment report by the Bureau of Labor Statistics. The boost was reflected in the non-seasonally adjusted number of mortgage-related jobs totaling 448,900, compared to the previous month’s revised figure of 443,700.
At this time a year earlier, the total was 430,400.
Since January, the reports show the mortgage employment number has grown by over 16,000.The latest total was comprised of 319,500 people working in Real Estate Credit and 129,400 mortgage and nonmortgage brokers, the report said.
The announcement comes as mortgage application activity has reportedly fallen for four straight weeks due to rising rates.
The unemployment rate of 5.6% was reportedly unchanged over the month.
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