Property and casualty insurers and agents and brokers led theway for insurance-industry employment gains in December 2013,although the figures for P&C carriers have been recalibrated,throwing off some of the historical employment figures reported in2013.

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In an analysis of the latest U.S. Labor Department's Bureau ofLabor Statistics, Insurance Information Institute President RobertHartwig says P&C carrier employment figure forDecember—526,300—actually represents a drop of nearly 3,000 fromthe total reported last month, but an increase from the revisedNovember 2013 report of 523,700.

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Hartwig explains, “The BLS once a year recalibrates theemployment estimates based on new census data and new seasonaladjustment weights; this year the changes had the effect ofreducing the P&C numbers that had been reported all during2013.”

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The revised figures show P&C carrier employment rising everymonth from April to December, while the previous data showedemployment falling in April and September.

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Hartwig also says that, previously, P&C carrier employmenthad been reported at 515,600 in February 2012, indicating apreviously-reported 20-month positive trend from then untilNovember 2013 of 13,600 additional jobs. The revised numbers,though, say February 2012 employment was 528,900, showing a declineover the 20-month period to 523,700 in November 2013.

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For agents and brokers, the positive news that began in June2013 continues. The subsector added 1,100 jobs in December and hasadded 14,300 jobs over the most recent six months.

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Hartwig notes the march continues to the subsector'spre-recession employment peak of 682,100 in July 2007. Employmentstood at 673,500 as of December.

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As for other insurance subsectors, reinsurers added 200 jobs inDecember, life insurers added 700, health/medical direct added 900and third-party administrators added 300. Claims adjusters shed 400positions, and title and other direct and “all otherinsurance-related activities” both lost 200 positions.

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