In April 2017, on a year-over-year basis, employment in all major segments of the insurance industry was up to varying degrees.

The U.S. Department of Labor's Bureau of Labor Statistics (BLS) recently published data as of January 2017 on detailed insurance industry employment and found that employment in most segments of the insurance industry was up to varying degrees. Steven Weisbart, Ph.D., CLU, senior vice president and chief economist at the Insurance Information Institute summarized the latest trends across the insurance industry. Data for the last few months are preliminary and are often revised later, but revisions are usually small. 

For the 12 months ending in April 2017, P/C carrier employment rose by 9,700 (+1.7%) to 564,200. April is generally a month in which P/C carriers add staff: since 1990, P/C carrier employment has risen in April 15 times, was flat twice, and fell 11 times.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].