Employment Trends from the July 2013 Employment Situation Report
InsuranceJobs.com, the leading insurance employment website for insurance professionals, offers an overview of key employment trends in the insurance industry for July 2013 based on preliminary statistics reported by the U.S. Bureau of Labor Statistics (BLS) in the monthly Employment Situation Economic Release.
The U.S. Bureau of Labor Statistics released a report August 2, 2013 announcing a .11 percent increase in the number of workers in the insurance industry from June 2013 – July 2013. According to The U.S. Bureau of Labor Statistics, the insurance industry now employs 2.359 million workers compared to 2.356 million in June 2013. The U.S. Bureau of Labor Statistics has adjusted these statics for seasonal changes within the insurance industry.
June marked a significant drop in the unemployment rate of close to 1 percent. In April 2013 BLS reported an unemployment rate of 5.8 percent for insurance professionals. May’s unemployment rate is estimated at 4.4 percent. Continuing on its downward trend, the unemployment rate dropped to 3.7 percent in June and subsequently 3 percent in July. Since May the unemployment rate has dropped a reported 2.8 percent.