According to statistics released Feb. 5 by the U.S. Labor Department's Bureau of Labor Statistics for December 2015, employment in the insurance industry was up in most subsectors, but down in others such as the property and casualty carrier subgroup.
Compiled by the New York City-based Insurance Information Institute, the numbers show that property and casualty carrier employment fell by 600 (-0.1%) to 515,800 for the 12 months ending in December 2015. Employment in this category has generally been falling for the past 18 months and is now about even with where it was in October 2013, the institute said.
The agent/broker segment saw a gain of 26,600 jobs in December 2015 compared with December 2014, up 3.6% to 774,800, with 13,700 hired in the months of October 2015 and November 2015 alone, the institute said.
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