The results from our latest Semi-Annual U.S. Insurance Labor Outlook Study are now in! With full employment and positive staffing predictions, the insurance industry is enjoying its return to its pre-recession state.
According to the U.S. Bureau of Labor Statistics (BLS), insurance unemployment reached 2.3 percent in August and is expected to hover between one and three percent through the remainder of the year. In addition, the rate of expected hiring has reached the second highest level in the history of the study, with 65 percent of organizations reporting that they are planning to increase their staffs. Further, nearly half of all companies are planning to increase their staffs by at least two percent in the coming year. The primary drivers for this anticipated staffing growth is an increase in business volume and a focus on filling areas that are currently understaffed.