Insurance Jobs Lost in April, Reports BLS
Leading Insurance Career Site, InsuranceJobs.com Shares Insurance Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report
The insurance industry lost 3,800 jobs in April according to preliminary numbers released by the U.S. Bureau of Labor Statistics’ Economic Situation report released on Friday, May 4, 2018.
“Between gains and losses, the insurance industry has only added 19,200 jobs over the past 12 months,” said Jay Rollins, owner of the insurance employment website InsuranceJobs.com. “Since May 2017, the insurance industry has added 33,900 jobs and lost 14,700 jobs.“
The insurance industry now employs 2,665,200 people in the U.S. with an unemployment rate of 1.6 percent. “Since reaching a low of 1.0 percent in December, unemployment has averaged 1.87 percent a month,” said Rollins.
The insurance industry’s parent sector, finance and insurance, lost 100 jobs last month. Over the past year, the sector has added 60,400 jobs including a large gain of 21,100 jobs recorded in February.
Across all industries, total nonfarm payroll employment added 164,000 jobs in April while the unemployment rate edged down to 3.9 percent. Job gains primarily occurred in professional and business services, manufacturing, 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 for 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.