NU Online News Service, Jan. 6, 2:49 p.m. EST
The drop in the unemployment numbers for December could translate into improved earnings for insurance brokers as increased employment means growth in employee benefits and healthcare insurance, says a financial analyst.
In a report, Meyer Shields, an analyst with Stifel Nicolaus, says that continued, long-term improvement in the unemployment rate “should benefit headcount-related insurance premiums [such as workers' compensation and employee benefits].”
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