Market Overview

Insurance Industry Adds 7,900 jobs in February


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

Atlanta, GA (PRWEB) March 31, 2016

The insurance industry gained 7,900 jobs for the month of February, according to the latest employment numbers from the U.S Bureau of Labor Statistics released on Friday, March 4, 2015.

The Economic Situation Report revealed that the insurance industry grew by 0.30 percent last month and now sits at 2,586,200 employed insurance workers with an unemployment rate of 3.0 percent. Over the past 12 months, the total number of employed insurance workers has increased by 68,800 or 2.73 percent from 2.51 million in February 2015, while the unemployment rate increased by 0.7 percent from 2.3 percent.

The insurance carriers and related activities subsector, which includes insurance carriers, agencies and other brokerages, typically makes up more than half of the job growth within the finance and insurance sector. However, last month the subsector accounted for 95 percent of its parent sector's gain of 8,300 jobs.

Across all industries, total nonfarm payroll employment increased by 242,200 in February, while the unemployment rate was unchanged at 4.9 percent. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services.

Total nonfarm payroll employment for December and January was revised from 262,000 to 271,000 jobs, and 151,000 to 172,000 jobs, respectively. With these revisions, employment gains in December and January combined were 30,000 more than previously reported.

Established in 2006, 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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