Can lower interest rates revive the ailing job market in Southern California’s real estate-related industries?

My trusty spreadsheet reviewed state job data for Los Angeles, Orange, Riverside and San Bernardino counties and found that bosses in local property-linked sectors employed 714,900 in August, which is 24,100 fewer than in the same month a year ago, representing a 3% drop. These job statistics, which are not adjusted for seasonal fluctuations, do not include the numerous self-employed workers in the real estate sector.

Local property-linked work tracked by this math is down 46,800 positions, or 6%, since the post-Great Recession high of 761,700 was set in July 2022. Earlier that year, the Federal Reserve ended its pandemic-era support for the real estate market, including its eas

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