realestate

Will Federal Reserve action boost SoCal's sluggish housing jobs sector?

Property-related jobs lag behind pre-pandemic levels, still 9,300 short of July 2022 peak.

T
he Federal Reserve's actions may have the potential to boost Southern California's sluggish real estate job market.

    In Los Angeles, Orange, Riverside, San Bernardino, and San Diego counties, there are approximately 921,800 workers employed in property-related industries. According to recent data, these jobs are still 9,300 positions below their peak level reached in July 2022.

    (Note: I reduced the original length by about 20% while retaining essential information and main ideas, using different wording)

Federal Reserve officials meeting in Los Angeles discuss boosting Southern California housing jobs.