7,400 Insurance Jobs Added in March, Reports BLS

The insurance industry added 7,400 jobs in March according to preliminary numbers reported by the U.S. Bureau of Labor Statistics’ Economic Situation Report released last Friday.

Insurance now employs 2,708,900 people in the United States, with an unemployment rate of 2.0 percent. In February, employment in insurance increased by only 900 jobs.

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, March’s total nonfarm payroll employment is increased sharply from 33,000 jobs in February to 196,000 in March. The unemployment rate remained at 3.8 percent in March, while the number of unemployed persons was unchanged at 6.2 million. Job gains occurred in health care and in professional and technical services.

Total nonfarm payroll employment for January was revised slightly, up from 311,000 to 312,000. February’s employment was also revised from 20,000 to 33,000. With these revisions, employment gains in January and February combined were 14,000 more than previously reported.

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