In a mixed month for insurance-industry employment, P&C carriers added 1,100 jobs in May while agents and brokers shed jobs for the sixth straight month, albeit at a slower rate.
According to an Insurance Information Institute (I.I.I.) analysis of the latest U.S. Labor Department's Bureau of Labor Statistics figures, P&C carrier employment increased from 521,800 in April to 522,900 in May. I.I.I. President Robert Hartwig notes that this subsector has typically added jobs in May (it fell in only 8 of the 24 Mays from 1990 to 2013).
The gain of 1,100 jobs in May follows a loss of 1,400 jobs for P&C carriers in April. Speaking on employment trends for the subsector, Hartwig notes, "Considering recent consecutive months, it's hard to tell what's happening. From February 2011 to February 2012, P&C employment fell by 19,400, down 3.6 percent. But from February 2012 to February 2013, P&C carrier employment rose by 6,200, up 1.2 percent."
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