Insurance Jobs Double in October, BLS 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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Seasonally adjusted, the insurance industry increased by 0.29 percent last month, the largest increase we’ve seen in 12 months.

The number of jobs in the insurance industry doubled in October, jumping to 7,700 jobs last month from 2,300 jobs reported in September, according to preliminary numbers revealed in the U.S. Bureau of Labor Statistics’ Economic Situation Report released on Friday, November 4, 2016.

“Seasonally adjusted, the insurance industry increased by 0.29 percent last month, the largest increase we’ve seen in 12 months” said Jay Rollins, owner of InsuranceJobs.com, an employment website targeted at insurance professionals. “Similarly, our job boards saw a steady increase in the number of available job postings all month, with particular focus on claims jobs on the east coast.”

According to the BLS report, the insurance carriers and related activities subsector now employs 2,621,400 persons, with an unemployment rate of 1.5 percent. “Last month’s unemployment was the lowest rate of the past 12 months,” said Rollins. “The last time the insurance sector reached 1.5 percent was May 2015. Instead, the insurance industry’s unemployed rate has averaged 2.6 percent over the past year.”

Since the beginning of the year, the insurance industry has gained 44,000 jobs while the unemployment rate has dropped 0.6 percent from 2.1 in January.

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, clerical, customer service, health, life, risk management, sales, investigators, insurance underwriters, workers compensation and more.

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