Insurance Industry Adds 6,000 Jobs in May

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Leading Insurance Career Site, InsuranceJobs.com Share Employment Trends from the Insurance Industry.

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The insurance industry saw a small increase in employment with the addition of 6,000 jobs for the month of May, according to the latest employment numbers from the U.S Bureau of Labor Statistics released on Friday, June 5, 2015.

The Economic Situation Report revealed that the insurance industry grew by 0.24 percent last month and now sits at 2,539,800 employed insurance workers with an unemployment rate of 1.5 percent. Over the past 12 months, the total number of employed insurance workers has increased by 85,400 or 3.48 percent from 2.45 million in May 2014, while the unemployment rate dropped by 2.4 percent from 3.9 percent.

Insurance carriers and related activities made up almost half of the job growth within the finance and insurance sector, which grew by 12,800 jobs last month. Over the last 12 months, the insurance carriers and related activities subsector has contributed 71.3 percent to its parent sector.

Across all industries, total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent. Job gains primarily occurred in professional and business services, leisure and hospitality, and health care, while mining employment continued to decline.

After revisions, total nonfarm payroll employment for the month of March and April were revised from 85,000 to 119,000 jobs, and 223,000 to 221,000 jobs, respectively. With these revisions, employment gains in March and April were 32,000 more than previously reported. Over the past 3 months, job gains have averaged 207,000 per month.

About InsuranceJobs.com:
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.

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Bob Thomas
RSG, Inc.
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