10,900 Insurance Jobs Added to US Economy in September

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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 experienced decent growth last month despite losses to the total non-farm payroll employment. The economy lost jobs for the first time since September 2010.

The insurance industry added 10,900 jobs last month, a large jump from the 1,700 jobs gained the month previous, according to preliminary numbers released by the U.S. Bureau of Labor Statistics’ Economic Situation report on Friday, October 6, 2017.

“The insurance industry experienced decent growth last month despite losses to the total non-farm payroll employment,” said Jay Rollins, owner of the insurance employment website InsuranceJobs.com. “The economy lost jobs for the first time since September 2010.”

The insurance carriers and related activities subsector, which includes claims adjusters, claims investigators, insurance sales agents and insurance underwriters, now sits at 2,642,300 employed persons with an unemployment rate of 2.1 percent. Since September 2016, insurance has added 48,600 jobs.

Across all industries, the U.S. economy lost 33,000 jobs in September while the unemployment rate declined 0.2 percentage points to 4.2 percent. “Since the beginning of the year, employers have added an average of 148,000 jobs a month, down from last year’s average of 187,000 jobs a month,” said Rollins. Losses were largely felt in food services and drinking places which dropped 105,000 jobs due to hurricanes Irma and Harvey.

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 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.

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Bob Thomas
RSG, Inc.
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