A few sectors within the insurance industry experienced consistent job creation in recent years, while others saw fewer people doing more work, according to a new report from the New York City-based Insurance Information Institute.
|100,000 new jobs
The III's presentation is based on year-over-year employment data from the U.S. Bureau of Labor Statistics. That data dates back to 1990. Overall, the research indicates that in roughly five years, and despite some employment volatility within specific sectors, the insurance industry has added more than 100,000 new jobs.
Speaking by telephone from his New York City office on Wednesday, Steve Weisbart, the III's senior vice president and chief economist, said the data provides a solid view of where new employees coming into the insurance industry are likely to find work.
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