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Industry Adds Jobs in August, Agencies Hold Steady

The Federal Bureau of Labor Statistics reports that the insurance industry added 4,600 jobs in August, with a seasonally-adjusted increase of 0.18 percent for July 2016 over June 2016...
September 7, 2016

The Federal Bureau of Labor Statistics (BLS) reports that the insurance industry added 4,600 jobs in August, with a seasonally-adjusted increase of 0.18 percent for July 2016 over June 2016. Updated figures for July showed the insurance industry added 4,900 jobs in July, an increase from the 4,400-job increase reported initially, reported A.M. Best.

Overall insurance industry employment in August was 2,611,400, an increase of 58,600 jobs from August 2015, the BLS data said. Seven of eight insurance sectors showed job growth in July 2016 over July 2015 according to the BLS statistics. Employment at insurance agencies and brokerages in July over June 2016 held steady at 776,200 jobs; and was up 1.41 percent compared to July 2015. Wages in July 2016 over June 2016 at insurance agencies and brokerages were up 0.72 percent.


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