The real estate sector — which includes rental and leasing — added 8,500 jobs on a seasonally adjusted rate in November but actually lost 3,000 jobs if unadjusted for seasonality.
The U.S. economy added 245,000 jobs in November, driving the unemployment rate down slightly to 6.7 percent. It’s the slowest rate of positive job growth since the pandemic hit and considered a miss by economic forecasts.
At the end of the month, there were still 10.7 million unemployed individuals, down from the pandemic peak but still 4.9 million higher than in February. The number of permanently unemployed individuals has remained mostly unchanged since October while any month-to-month gains were mostly in temporary unemployment, at a rate that continues to fall.
“These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it,” the U.S. Bureau of Labor Statistics said in a statement. “However, the pace of improvement in the labor market has moderated in recent months.”
The real estate sector — which includes rental and leasing — only added 8,500 jobs on a seasonally adjusted rate in November and actually lost 3,000 jobs if unadjusted for seasonality. That segment of the economy is employing more than 100,000 fewer individuals than November 2019, according to sector-level data.
Justin Malonson is the Founder of LyfeLoop a 16+ year tech innovator, investigative media researcher and host of the Freedom Not Control Podcast live on Voice America. Justin is a highly sought-after tech entrepreneur, industry speaker and winner of the coveted Business Achievement Awards “Top Digital Marketer” award. With 16+ years of demanding experience, Justin has worked with over 3,000 businesses including amazing clients such as Blue Cross Blue Shield Association, Sotheby’s International Realty, Duke University, White House Black Market,Tiffin Motorhomes, Bass Pro Shops and Beazer Homes USA.