1,700 Insurance Jobs Created in September, Report Says
Leading Insurance Career Site, InsuranceJobs.com Shares Insurance Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report
The insurance industry showed minor growth in September, increasing by 1,700 jobs according to preliminary numbers revealed in the U.S. Bureau of Labor Statistics’ Economic Situation Report released on Friday, October 7, 2016.
The insurance carriers and related activities subsector now employs 2,611,900 persons, a marginal increase of 0.065 percent over August where 2,610,200 persons were employed. Over the last 12 months, employment in the industry has increased by 2.12 percent or 54,100 jobs.
The unemployment rate for the insurance industry currently sits at 2.7 percent, a 0.4 percentage point drop from August’s rate of 3.1 percent. Over the last 12 months, the industry has dropped from 3.1 percent.
The insurance carriers and related activities subsector consists of professions that underwrite annuities and insurance policies, or facilitates the underwriting by selling insurance policies and related services. This includes claims adjusters, examiners and investigators; office managers, supervisors, and administrative support workers; insurance claims and policy processing, insurance sales agents, and insurance underwriters.
Across all industries, total nonfarm payroll employment rose by 156,000 in September. Since the beginning of the year, job growth has averaged 178,000 per month, compared with an average of 229,000 per month averaged in 2015. In September, employment gains occurred in professional and business services and in health care.
Established in 2006, InsuranceJobs.com is the leading insurance jobs website for insurance careers. Currently, the site has over 250,000 registered job seekers and 6,500 registered employers. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post insurance job opportunities and browse a resume bank for applicants. Thousands of new insurance jobs are listed each month by geographic location and specialty, including actuarial, adjuster, agents, claims jobs, clerical, customer service, health, life, risk management, sales, investigators, insurance underwriters, workers compensation and more.