Leading insurance jobs website InsuranceJobs.com has released an overview of employment trends in the industry for February 2013. According to the U.S. Bureau of Labor Statistics (BLS), February saw a .077 percent decrease in number of workers within the insurance industry which now employs 2.344 million workers, compared to January’s 2.345 million. The industry has been notably in decline since last November when the number of insurance employees sat at a slightly higher 2.347 million.
The minor drop in the number of employed workers in the insurance industry is concurrent with a substantial increase in hourly earnings and weekly hours work. The BLS reports that average hourly earnings rose by 8 percent in February while the average number of hours worked per week fell by about 1.5 hours. The insurance industry also experienced an impressive drop in unemployment in February which fell from 4.7 percent in January to 3.9 percent last month.
InsuranceJobs.com suggests that the recent employment reports is a positive sign for current insurance professional seeking work in the industry. The company also notes a steady flow of job postings to its website, even as economic fears are on the rise. The site anticipates persistent and continued job growth within the insurance industry, leading to an increase in insurance careers through at least the first half of 2013.