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Insurance Industry Jobs Jump 7,300 in June

July 13, 2016

The U.S. Bureau of Labor Statistics (BLS) found that the U.S. insurance sector added 7,300 jobs in June, a seasonally adjusted 0.28 percent increase over May 2016. BLS indicated that insurers added 4,200 jobs in May, after initially reporting a 3,300-job increase. Overall insurance industry employment in June was 2,604,700, an increase of 62,500 jobs from June 2015.

Five of eight insurance sectors saw growth in May 2016 compared with figures for April 2016, led by claims adjusting (up 2.49 percent to 57,600 jobs); direct title insurance and other direct insurance carriers (up 1.03 percent to 88,300 jobs); direct health and medical insurance carriers (up 0.35 percent to 541,700 jobs); direct property and casualty insurers (up 0.17 percent to 519,800 jobs); and insurance agencies and brokerages (up 0.01 percent to 773,800 jobs).

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