Real estate hiring heated up in May across Southern California, with staff additions running 39% faster than the seasonal norm.
To put the month’s staffing into perspective, note that in pre-pandemic 2015-19, 4,040 jobs were added in May on average. Note that many people who work in the real estate world are self-employed and are not tracked by traditional government job counts. These hiring gyrations leave the property industry’s local job count 13,000 below its post-2009 employment peak. That pinnacle was reached in July 2022 – shortly after the Federal Reserve began cooling the economy with higher interest rates.
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