3,900 Insurance Jobs Gained in April
The insurance industry added 3,900 insurance jobs in April according to preliminary numbers reported by the U.S. Bureau of Labor Statistics’ Economic Situation Report released earlier this month.
Insurance now employs 2,713,000 people in the United States, with an unemployment rate of 1.7 percent. Since April 2018, the insurance industry has added 28,200 jobs while unemployment has edged up slightly from 1.6 percent.
The Bureau of Labor Statistics classifies the insurance carriers and related activities subsector, which includes positions like claims adjusters, claims investigators, insurance sales agents, and insurance underwriters, as a part of the finance and insurance sector, and of the greater financial activities supersector.
Across all industries, April’s total nonfarm payroll employment is beat expectations to gain 263,000 jobs, while unemployment reached a 50-year low of 3.6 percent. Job gains occurred in professional and business services, construction, health care, and social assistance.