The coronavirus has caused devastating effects on the labor market. The U.S unemployment rate in April experienced the largest monthly increase in history, climbing 10.3 percentage points to 14.7 percent. According to data from Burning Glass Technologies, between mid-March and the second week of April, online job postings declined by 30 percent compared to the beginning of 2020. Fortunately, job posting for the apartment industry has seen little fluctuation. Over 9,700 apartment jobs were available during April, accounting for 42.2 percent of the broader real estate sector, unchanged since last month. Markets which ranked highest for vacancies included San Antonio, Houston and Austin, Texas; Kansas City, Mo.; and San Diego.
This month’s edition highlights Property Manager/Community Manager positions, with a median salary of $58,411. In addition to property management experience, employers are seeking candidates with strong budgeting skills, staff management skills, and experience with property management software. Salaries for properties managers were particularly competitive in Raleigh, N.C., as demand for experienced professionals was more than three times the national average.