WASHINGTON–Jobs in the insurance industry and related areas dropped 2.3 percent in February compared to January, the Bureau of Labor Statistics reported today, but the sector still has 16,000 more employed than a year ago.
The increase in insurance industry employment is an anomaly in a report that showed that U.S. employers in general slashed 63,000 jobs in February, the most in five years, according to the Bureau, which is a unit of the Department of Labor.
The report's seasonally adjusted figures showed that 2,311,300 people were employed by insurance carriers and related activities in February, down from the 2,316,600 employed in January.
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