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Mortgage Employment Continues to Strengthen

Mortgage Employment Continues to Strengthen

Labor report indicates overall rising unemployment

December 9, 2002

By staff

The mortgage industry established itself again last month as a hot place to work, even while general unemployment shot up.

The seasonally adjusted monthly report from the Bureau of Labor Statistics revealed that about 406,000 held the title of mortgage broker or banker in November, up from October’s 401,000 and September’s 381,000.

In November 2001, about 14.0% less people held those positions at 349,000.

The bureau also reported general unemployment for November at 6.0%, tied with April for the highest rate this year.

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