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Fears of impending recession and a spate of prominent layoff announcements put only a moderate damper on real estate hiring last month.
Real estate employers in the financial sector — a category that includes brokerages — added 3,700 jobs in June on a seasonally adjusted basis, according to the latest jobs report from the U.S. Bureau of Labor Statistics.
That’s a slowdown from previous months — employers added 6,100 real estate jobs in April and 7,400 in May — but still a healthy number that tracks with the economy’s pace as a whole during a surprisingly strong month of job growth.
Employers across the U.S. added 372,000 jobs to non-farm payrolls last month, even as the Federal Reserve tightened its monetary policy in an effort to fight high price inflation.
“The economy in the first half of the year averaged 450,000 job gains per month, which is an extremely robust pace by historical standards,” Joel Kan, associate vice president of economic and industry forecasting, said in a…
