InsuranceJobs.com Gives Analysis of February 2013 Employment Situation

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Leading insurance career site shares employment trends in the insurance industry from the U.S. Bureau of Labor Statistics February 2013 Employment Situation Report

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InsuranceJobs.com, the leading insurance jobs website for insurance professionals, offers an overview of key employment trends in the insurance industry for February 2013 based on preliminary statistics reported by the U.S. Bureau of Labor Statistics.

The U.S. Bureau of Labor Statistics released a report March 8, 2013 announcing a .077 percent decrease in the number of workers in the insurance industry from January 2013 – February 2013. According to The U.S. Bureau of Labor Statistics, the insurance industry now employs 2.344 million workers compared to 2.345 million in January 2013. Employment statistics not accounting for seasonal adjustments by industry state that in January 2013 the insurance industry employed 2.340 million people and 2.338 million in February 2013.

Employment throughout the insurance industry has seen a steady decline since November 2012 when insurance employees numbered 2.347 million. This small decrease in employment is accompanied by an increase in hourly earnings and a decrease in weekly hours. The U.S. Bureau of Labor Statistics reports an 8 cent increase in average hourly earnings and an approximately 1.5 hour decrease in hours worked per week for insurance professionals.

The unemployment rate in the insurance industry has dropped to 3.9 percent in February 2013 from 4.7 percent in January 2013. InsuranceJobs.com views this as positive sign for current insurance professionals in search of work. InsuranceJobs.com continues to see a steady flow of job postings to their website despite the adverse economic climate. The insurance jobs site expects consistent growth in the insurance industry and a subsequent increase in insurance careers through the next quarter.

About InsuranceJobs.com:
Established in 2006, InsuranceJobs.com is the leading insurance employment website for the insurance industry. 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, insurance claims, clerical, customer service, health, life, risk management, insurance sales, investigators, insurance underwriters, workers compensation and more.

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