Insurance Industry Adds 7,300 in November
The insurance industry gained 7,300 jobs for the month of November, according to the latest employment numbers from the U.S Bureau of Labor Statistics released on Friday, December 4, 2015.
The Economic Situation Report revealed that the insurance industry grew by 0.28 percent last month and now sits at 2,574,700 employed insurance workers with an unemployment rate of 1.7 percent. Over the past 12 months, the total number of employed insurance workers has increased by 73,400 or 2.9 percent from 2.5 million in November 2014, while the unemployment rate dropped by 1.4 percent from 3.1 percent.
The insurance carriers and related activities subsector, which includes insurance carriers, agencies and other brokerages, typically makes up more than half of the job growth within the financial activities supersector. In November, this subsector accounted for just over half of the 14,000 jobs gained.
Across all industries, total nonfarm payroll employment increased by 211,000 jobs while the unemployment rate was unchanged at 5 percent. Over the last 12 months, employment growth has averaged 230,000 jobs per month. In November, job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs.
The change in total nonfarm payroll employment for the months of September and October was revised from 137,000 to 145,000 and 271,000 to 298,000, respectively. With these revisions, employment gains in September and October combined were 35,000 more than previously reported. Over the past 3 months, job gains have averaged 218,000 per month.
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.