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Insurance Jobs Added in 2019 — 35,000

Posted By Administration, Tuesday, January 7, 2020

The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) keeps tabs on the number jobs added by a variety of industries. Insurance is one of them.

Nationwide, the number of job openings in the U.S. in October topped 235,000 and means that 7.27 million jobs were added to the U.S. economy in the first 10-months of last year. The number of people quitting jobs stayed at 2.3%.

For insurance the figures are pretty good, too.

The Jacobson Group keeps tabs on this industry and found insurance added 34,700 new jobs in 2019 and that means there are 2.7 million of us working in the industry today.

Here’s what it looks like sector-by-sector and we start with October:

  Health: +3.9%

  Agents/brokers: +2.7%

  Reinsurance: +2.4%

  Title: +1.4%

  Property and casualty: +1%

  TPAs: +0.7%

  Life — a drop of 1.8%

  Claims — a drop of 14.5%

 

Looking at the year-to-year — or 2018 figures compared to 2019:

  Claims: +9.5%

  Agent/brokers: +5.8%

  Life/health: +3.8%

  TPAs: +4.4%

  Reinsurance: +5.4%

  Property and casualty: +0.7%

 

Source link: PropertyCasualty360.com

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