Over Four Thousand Insurance Jobs Gained in July, Report Says

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Leading Insurance Career Site, InsuranceJobs.com Shares Insurance Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report

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The insurance industry added 4,400 jobs in July, according to the Economic Situation Report released by the U.S. Bureau of Labor Statistics on August 5, 2016.

The insurance carriers and related activities subsector now sits at 2,606,100 employed persons, a 0.17 percent increase over June’s employment number. Over the past 12 months, the number of employed insurance workers has increased 2.2 percent from 2,552,300 in July 2015.

Last month, the unemployment rate increased to 2.9 percent from 2.0 percent in June. Over the past year, the unemployment rate has jumped from 1.6 percent to 2.9 percent.

The insurance carriers and related activities subsector consists of professions that underwrite annuities and insurance policies, or facilitates the underwriting by selling insurance policies and related services. This includes claims adjusters, examiners and investigators; office managers, supervisors, and administrative support workers; insurance claims and policy processing, insurance sales agents, and insurance underwriters.

Across all industries, total nonfarm payroll employment increased by 255,000 jobs in July, while the unemployment rate remained unchanged at 4.9 percent. Last month, job growth mostly occurred in professional and business services, healthcare, and leisure and hospitality.

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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