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The Jacobson Journal: An Insurance Talent Blog

March 2022: Labor Market Pulse

Posted by The Jacobson Group on Mar 10, 2022 3:27:30 PM

According to the Bureau of Labor Statistics, January* saw the largest number of open finance and insurance jobs in at least two decades. Hires and quits are also relatively high, further illustrating the industry reshuffling that has occurred throughout the last several months.

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Topics: Labor Market, PULSE

February 2022: Labor Market Pulse

Posted by The Jacobson Group on Feb 9, 2022 8:08:05 AM

While employment for insurance carriers and related activities has been on the rise for the past six months, revised BLS numbers* show average employment for 2021 was roughly 2.8 million, about 57,000 fewer jobs than originally reported. However, the tight labor market persists, and industry hiring is not keeping pace with its number of quits. This is evidenced by lower annual industry averages for both unemployment and jobs in 2021, compared to 2020.

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Topics: Labor Market, PULSE

January 2022: Labor Market Pulse

Posted by The Jacobson Group on Jan 11, 2022 4:24:10 PM

While industry unemployment rose slightly at the end of 2021, the insurance carriers and related activities sector experienced six consecutive months of gradual job growth and reached a record high for annual average employment. Recent growth appears to be primarily driven by title, claims and agent/broker roles.

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Topics: Labor Market, PULSE

December 2021: Labor Market Pulse

Posted by The Jacobson Group on Dec 7, 2021 3:42:51 PM

We’re closing out 2021 on a positive note, with a low unemployment rate and the addition of new jobs within the insurance carriers and related activities sector. This year has seen numerous shifts, including changing candidate expectations, an intensifying war for talent and continued reshuffling.

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Topics: Labor Market, PULSE

November 2021: Labor Market Pulse

Posted by The Jacobson Group on Nov 9, 2021 3:58:00 PM

Unemployment for the insurance industry continues to drop, reaching a record low in October. At 0.8% unemployment, this is the industry’s lowest unemployment rate in the BLS’s 20-year recorded history and only the second time it has dropped below 1%.

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Topics: Labor Market, PULSE