Real estate continues to have a broad impact on Orange County’s economy, with the pace of the industry’s job growth triple the hiring rate of all other local employers combined.
State jobs data for December show jobs in real estate-related fields — from construction to building supplies to lending, sales and leasing, design and janitorial services — grew by 8,600 workers in 12 months, or 3.49 percent, to 255,200 jobs, the Orange County Register reported Monday morning. In the past five years, real estate added 48,700 workers or 23.6 percent.
In the year, all other Orange County employers added 15,000 workers or 1.11 percent to 1,368,800 jobs, adding up to a five-year gain of 114,600 workers or 9.1 percent, according to the newspaper. Real estate thus accounted for 36 percent of all local jobs created in the past year and 30 percent of all jobs created in the past five years.
Real estate jobs were 15.7 percent of all Orange County jobs last month vs. 15.4 percent a year ago, The Register reported.
—City News Service
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