Lending Industry Adds Employees

Friday’s jobs reports from the U.S. Bureau of Labor Statistics shows mortgage lenders have added a total of 18,400 employees since January, 2,800 (full-time) of them in August 2012, bringing the overall total to 280,500 jobs in the mortgage banking and brokerage sector. According to nationalmortgagenews, this marks the sixth consecutive month of employment growth in the industry, which has climbed seven percent since Aug. 2011. As MHProNews has learned, on the overall jobs picture, the economy added 114,000 new jobs in Sept., and the unemployment rate fell from 8.1 percent in Aug. to 7.8 percent in Sept., the lowest since Pres. Obama took office.

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