The real estate sector — not including rental and leasing — added more than 18,000 jobs in June, according to the U.S. Department of Labor.

Total non-farm payrolls rose in June, the second straight month of gains, according to data released Thursday by the U.S. Department of Labor’s Bureau of Labor Statistics.

Employment rose by 4.8 million in June, with the unemployment rate declining to 11.1 percent, down from the mid-pandemic high of 14.7 percent in April. 

“These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it,” the Department or Labor said in a release.

“In June, employment in leisure and hospitality rose sharply,” the Department of Labor added in the release. “Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services.”

The real estate sector — not including rental and leasing — added more than 18,000 jobs in June, according to the report.

The jobs report is mostly positive, but is set against a backdrop of a growing spread of COVID-19 and more states reversing the progress of opening up sects of the economy, specifically in the hospitality sector. New cases were increasing in 41 states as of Thursday morning, according to data compiled by NPR. 

“Stay-at-home orders and business closures have disproportionally impacted the services sector, hence the strong rebound in leisure and hospitality, as states began to re-open,” Odeta Kushi, the deputy first economist at First American, said in a post on Twitter. “Yet, 40 percent of the country is reversing its plans to reopen, potentially resulting in another labor market shock.”

Developing…

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×