Jobs are what will get our national economy out of the doldrums. Job growth nationally has flattened out, and at a very low rate, over the past three months. But perhaps even more importantly, mortgage job growth has been flat.
The industry’s job total for May (results are a month behind those for the national economy) came to 266,500. While this is up somewhat from an industry low of around 250,000, it is nowhere near the more than 500,000 employed in the industry before the crisis of 2008. More importantly, in May 2011 the number was 270,000. So for the last year, dead flat.