The property & casualty insurance agent/broker segment gained 4,300 jobs in May 2018 over May 2017 (up 0.5%), to 809,000, according to data from the U.S. Labor Department Bureau of Labor Statistics and a report from Insurance Information Institute (I.I.I.) Chief Economist Steven Weisbart.
Employment in the general U.S. economy continues to be strong. In May 2018 there were 2.37 million more people employed in the country than a year earlier (+1.6%) — an unusually strong increase this late in the business cycle. In the service-sector overall, employment was up by 1.4%, year-over-year in May 2018.
As for the insurance industry, on a year-over-year basis, employment changes in most major segments of the insurance industry were mixed.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
