Insurance Industry Adds 5,700 Jobs in December

Atlanta, GA (PRWEB) January 31, 2016

The insurance industry gained 5,700 jobs for the month of December, according to the latest employment numbers from the U.S Bureau of Labor Statistics released on Friday, January 8, 2015.

The Economic Situation Report revealed that the insurance industry grew by 0.22 percent last month and now sits at 2,578,100 employed insurance workers with an unemployment rate of 2.3 percent. Over the past 12 months, the total number of employed insurance workers has increased by 71,600 or 2.9 percent from 2.5 million in December 2014, while the unemployment rate dropped by 0.3 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 financial activities supersector. In December, this subsector accounted for just over half of the 11,000 jobs gained.

Across all industries, total nonfarm payroll employment increased by 292,000 jobs in December, while the unemployment rate remained unchanged at 5 percent for the third month in a row. In 2015, employment growth totaled 2.7 million, compared to 3.1 million in 2014. Last month, job gains occurred in several industries, including professional and business services, construction health care, and food and drinking places. Mining employment continued to decline.

Total nonfarm payroll employment for October and November was revised from 298,000 to 307,000 jobs and 211,000 to 252,000 jobs, respectively. With these revisions, employment gains in October and November combined were 50,000 more than previously reported.

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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