Insurance Industry Loses 300 Jobs in August, Report Says
Leading Insurance Career Site, InsuranceJobs.com Shares Insurance Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report
The US economy lost 300 insurance jobs in August, according to preliminary numbers released by the U.S. Bureau of Labor Statistics’ Economic situation report released on September 1, 2017.
“Since the beginning of the year, the insurance industry has added an average of 2,500 jobs a month,” said Jay Rollins, owner of the insurance employment website InsuranceJobs.com. “Employment growth seems to be slowing within the insurance industry, compared to previous years at this point in the calendar. Over the past year, the insurance industry has added 31,900 jobs, dropping slightly from the 42,800 jobs added during the previous period.”
The insurance industry now sits at 2,625,600 employed persons with an unemployment rate of 2.0 percent. Over the last 12 months, the unemployment rate has dropped by 0.7 percentage point from 2.7 percent in September 2016. “The unemployment rate has remained at or below 2.4 percent since March,” said Rollins.
Across all industries, the US economy added 156,000 jobs in August while the unemployment rate was little changed at 4.4 percent. Job gains largely occurred in manufacturing, construction, professional and technical services, health care and mining.
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 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.