Property and casualty insurers saw their six-month streak of employment gains broken in August, as the sector shed 1,200 jobs in the month compared to July.

In an analysis of the latest figures from the U.S. Labor Department's Bureau of Labor Statistics figures, Insurance Information Institute President Robert Hartwig says the August drop was expected.

“[H]istorically, P&C employment almost always falls in August vs. July,” says Hartwig. “In the 23 years starting with 1990 — as far back as BLS data go — August employment changes by P&C insurers was flat twice, rose once, and fell 20 times.”

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