1,700 Insurance Jobs Lost in January
Leading Insurance Career Site, InsuranceJobs.com Shares Insurance Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report
Atlanta, GA (February 27, 2018) – The insurance industry lost 1,700 jobs in January according to preliminary numbers released by the U.S. Bureau of Labor Statistics’ Economic Situation report released on Friday, February 2, 2018.
“The insurance industry has lost 8,900 jobs since October,” said Jay Rollins, owner of the insurance employment website InsuranceJobs.com. “Comparatively, the insurance industry gained 700 jobs in December, and 9,600 jobs in January 2017.“
The insurance industry now sits at 2,662,100 employed persons with an unemployment rate of 2.2 percent. “Unemployment hasn’t reached 2.2 percent since April of last year,” said Rollins.
Employment within finance and insurance, the insurance industry’s parent sector, added 2,100 jobs in January. The securities, commodity contracts, investments, and funds and trusts subsector added 3,500 jobs in January, the largest number added in the sector last month. Job losses were experienced in credit intermediation and related activities, while monetary authorities neither gained nor lost jobs last month.
Across all industries, total nonfarm payroll employment added 200,000 new jobs in January while the unemployment rate remained unchanged at 4.1 percent for the fourth consecutive month. Job gains for the month occurred in construction, food services and drinking places, health care, and manufacturing.
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 for positions and engage in our social communities. Employers can post insurance job opportunities and browse a resume bank for applicants. Thousands of new jobs are listed each month by geographic location and specialty, including jobs in insurance claims, actuarial, adjuster, agents, clerical, customer service, health, life, risk management, sales, investigators, insurance underwriters, workers compensation and more.