The insurance industry lost 7,400 jobs from August to September 2011, following a trend of declining employment that actually goes back a decade.

In an analysis of the latest U.S. Labor Department’s Bureau of Labor Statistics (BLS), Insurance Information Institute President Robert Hartwig says, “In general, September in the insurance industry is a month of dropping employment. [Property and casualty] employment in September vs. August dropped in all 11 years from 2001 through 2011.”

Employment at P&C insurers was down by 800 jobs, but Hartwig notes that this is a drop of just 0.2 percent. P&C insurer employment stands at 452,900. Year-over-year, P&C carrier employment is down by 11,100 jobs, or 2.4 percent.

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