Insurance jobs down in latest employment report

Posted on: Monday, June 11, 2012

Even though there's a full supply of insurance leads available, newly released job figures suggest positions in the insurance field are hard to come by.

According to the latest employment figures released by the U.S. Bureau of Labor Statistics, the insurance industry shed 300 jobs in May, dropping one-hundredth of a percent from April's total, A.M. Best reports. When compared to the same month last year, there are 700 fewer insurance jobs, with about 2.3 million remaining.

However, on the positive side, the report also revealed the adjusted figures for April, finding that insurers added 5,900 jobs to payrolls in April, three-tenths of a percent higher than the previous month. When the report was first released, BLS said 3,800 jobs had been added to the insurance industry.

In addition, the jobs report showed how specific fields within the insurance industry fared in April. For example, the number of jobs in life insurance edged downward by 1,100, totaling 336,500, while the health insurance workforce saw its numbers dwindle by the same amount and reached 428,400, A.M. Best notes.

Posted In: Insurance News, Marketing & Advertising

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