Insurance Industry Adds 7,300 Jobs in February

March 30, 2015 | By More

The insurance industry saw a small increase in employment with the addition of 7,300 jobs for the month of February, according to the latest employment numbers from the U.S Bureau of Labor Statistics released on March 6, 2015. 

The insurance industry grew by 0.29 percent last month and now sits at roughly 2.52 million employed insurance workers. Over the past 12 months, the total number of employed insurance workers has increased by 3.47 percent from 2.44 million in February 2014. 

The finance and insurance sector as a whole only increased by 6,900 jobs as a result of losses within the credit intermediation and related activities subsector. Regardless, over two-thirds of the 10,000 new jobs within the financial activities supersector occurred within the finance and insurance sector.

Across all industries, total nonfarm payroll employment increased by 295,000 in February, while the unemployment rate edged down to 5.5 percent. Job gains primarily occurred within food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing.   

After revisions, total nonfarm payroll employment for the month of December remained at 329,000 jobs while employment numbers were revised for the month of January, from 257,000 to 239,000. With these revisions, employment gains in December and January were 18,000 lower than previously reported. Over the past 3 months, job gains have averaged 288,000 per month.

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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