Monday, the number of new job opportunities posted is off the charts. By Wednesday afternoon, we were testing the website because we couldn’t believe it was working. Executive Search firms who specialize in Real Estate report similar results at the C-suite level: The Real Estate Job Market is “Wobbly”. SelectLeaders Job Barometer is a quarterly and annual Assessment of the Job Market in Real Estate, and their longer-term perspective shows “real estate hiring remains eerily stable”. So why is it wobbly? Some blame it on trade-related market swings. Others say it correlates with changes in political mood. Previously it swayed directly with the stock market. Thankfully, for our job seekers, wages are accelerating 3.2% on average YTD. And our Employers can be relieved labor force participation increased rising to 63.2%, tying its highest level since August 2013. The total number of Americans considered employed surged by 590,000 to a record 157.9 million. Maybe the longest hottest job market makes everyone a bit dizzy.
Wobbly!
About the SelectLeaders Job Barometer
The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.
About the SelectLeaders Real Estate Job Network
SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit selectleaders.com or visit our Job Network Career Centers: BOMA, CCIM, CREFC, GlobeST.com, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC
