One month after contracting, mortgage broker employment edged higher. Still, a decline in non-broker jobs pulled the whole sector lower.
Mortgage jobs totaled 265,100 based on data reported today by the Bureau of Labor Statistics. Employment in the sector fell from a revised 265,600 during May.
In June 2008, jobs in real estate finance were a revised 313,900.
The decline was the result of a drop in “real estate credit” positions, which fell to 193,600 from May’s 194,400.
But “mortgage and nonmortgage loan brokers” managed a gain in June to 71,500 from 71,200 the previous month.
Overall U.S. nonfarm employment declined 247,000 jobs in July, according to the bureau, which operates under the U.S. Department of Labor. July unemployment was mostly unchanged for the second consecutive month at 9.4 percent
