Compared to the 28% decrease in hiring nationally, according to the Labor Department’s September Jobs Report, the real estate industry lost less ground. Last year, entering the 4th Quarter, we recorded a 9% drop in available real estate jobs from July to September, 2014. This year, we hit a July high of 1,008 professional job opportunities available on the SelectLeaders Real Estate Job Network. By September 2015, the number of available jobs dropped 18%, resulting in virtually the same number of job opportunities available in September 2015 as in September 2014. Janet Yellen was the first to voice that the September slowdown appears to have very little to do with the US economy, but is instead reflective of global economic woes. Even if this is just a blip, the prudent real estate professional should take a long hard look at their career and if they are secure and growing professionally however the winter winds blow.
October 7, 2015
