Property and casualty carriers saw employment climb for the sixth straight month in July despite mixed employment numbers from the rest of the insurance industry, according to an Insurance Information Institute analysis of the latest U.S. Labor Department's Bureau of Labor Statistics figures.
P&C carriers added 1,000 jobs in the month, more than any industry sub-sector. I.I.I. President Robert Hartwig notes that P&C carrier employment typically climbs in the month of July, and he says a stiffer test of employment in the sub-sector will come next month, as August typically sees a reduction in jobs.
Still, Hartwig notes, “Employment changes [for P&C carriers] have been positive or flat for the February-July span only six times in the last 23 years; it happened five times in the 1990-1999 decade, and is happening again in 2012.”
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