Insurance Labor Study Highlights Competitive Labor Market

By a News Reporter-Staff News Editor at Insurance Weekly News -- According to the latest iteration of the Semi-Annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, a part of Aon plc (NYSE: AON), 63 percent of companies polled intend to increase staff in 2018. In addition, the Bureau of Labor Statistics has reported that the unemployment rate for the insurance industry is at 1.7 percent. This remains significantly lower than the national average-reported at 3.9 percent.

"Expected increases in business volume and expansion into new markets are driving continued hiring," says Gregory P. Jacobson, co-chief executive officer of Jacobson. "This organizational growth, coupled with a shallow talent pool and virtually non-existent industry unemployment, results in an increasingly competitive labor market."

The study found that job vacancies are still moderately difficult to fill. However, recruiting is slightly less difficult in some disciplines than it was one year ago.

Keywords for this news article include: United States, The Jacobson Group, Finance and Investment.

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