Leading Insurance Career Site, InsuranceJobs.com Shares Insurance Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report

The insurance industry added 4,600 jobs in August, according to preliminary numbers in the Economic Situation Report released by the U.S. Bureau of Labor Statistics on Friday, September 2, 2016.

The insurance industry now sits at 2,611,400 employed persons, with an unemployment rate of 3.1 percent. Over the past 12 months, the insurance sector has gained 58,600 jobs while the unemployment rate has increased by 0.8 percentage point, from 2.3 reported in August 2015.

The insurance carriers and related activities subsector consists of professions that underwrite annuities and insurance policies, or facilitates the underwriting by selling insurance policies and related services. This includes claims adjusters, examiners and investigators; office managers, supervisors, and administrative support workers; insurance claims and policy processing, insurance sales agents, and insurance underwriters.

Across all industries, total nonfarm payroll employment increased by 151,000 in August, while the unemployment rate remained unchanged at 4.9 percent. Last month, employment continued to trend upwards for several service-providing industries like food services and drinking places, and professional and technical services.

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.