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There are fewer people working in the industry, the Washington Business Journal reports. It’s hard to know specifics, but the loss is there:
Conventional wisdom — and common sense — says that virtually every company in the real estate industry has laid off at least some employees. Still, calls to many companies rumored to have laid off workers were met with silence.
“It’s not just a few companies; it’s everyone,” said one former development executive who asked not to be named to preserve relationships. “People don’t want to talk about it. They don’t want to become the bastion of layoffs or the focus of an article.”
Here’s some more specific information from the piece:
The U.S. Bureau of Labor Statistics estimates that the region’s real estate-related job sectors saw precipitous losses over the 12-month period ending in August.
In D.C., Arlington and Alexandria alone, the “natural resources, mining and construction” sector lost 5,600 jobs, and the “financial activities” sector lost 2,600 jobs.