Real estate and rental and leasing

According to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS), the Real estate and rental and leasing sector reported 112K job openings nationally during May 2026, paired with 51K hires and 60K total separations in the same month. The openings rate stood at 4.4% and the hires rate at 2.1%, meaning the sector filled roughly 46% of posted positions during the reference month. A fill ratio well below 100% indicates openings outpacing hires, a durable signal of structural labor demand rather than temporary seasonal tightness. These figures measure the national aggregate for the sector, computed by BLS from the JOLTS establishment survey and benchmarked to Current Employment Statistics estimates; they do not include self-employed workers or agricultural employment.

Turnover dynamics tell the deeper story: Real estate and rental and leasing recorded 37K voluntary quits (1.5% quits rate) and 17K layoffs and discharges in May 2026, for a combined separations rate of 2.5%. The quits rate, the single most-watched JOLTS metric, captures worker confidence: at current levels, it sits below the historical norm, which typically accompanies weaker outside options or sector-specific uncertainty. With quits (37K) exceeding layoffs (17K), employee-initiated separations dominate, the pattern associated with a worker-friendly labor market.

Geographic concentration matters for anyone interpreting these aggregates: BLS does not publish a state-by-industry JOLTS breakdown, so state-level concentration for this sector cannot be shown here. Versus the same month a year earlier, Real estate and rental and leasing openings expanded 15.5% - a meaningful expansion signaling durable demand. Every number on this page comes directly from the BLS JOLTS public dataset for May 2026; no extrapolations are applied.