<img src="//bat.bing.com/action/0?ti=5163453&amp;Ver=2" height="0" width="0" style="display:none; visibility: hidden;">

The Jacobson Journal: An Insurance Talent Blog

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.

Read More

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.

Read More

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%.

Read More

Topics: Labor Market, PULSE

October 2021: Labor Market Pulse

Posted by The Jacobson Group on Oct 13, 2021 2:16:32 PM

The insurance industry’s unemployment rate dropped a full percentage point to 1.9% in September, reaching its lowest since the start of the pandemic. However, while the unemployment rate is low, industry employment also continues to drop. This is likely due to the complexity of the job market, and the effects of not only the Great Reshuffle, but also the Great Realignment. As vaccine mandates are implemented within some organizations and we enter the winter months, individuals are likely to continue adjusting their priorities, expectations and goals.

Read More

Topics: Labor Market, PULSE

September 2021: Labor Market Pulse

Posted by The Jacobson Group on Sep 9, 2021 7:11:11 PM

The insurance industry saw unemployment drop from 4.2% in July to just 2.9% in August. This came with a slight decrease in industry jobs, continuing a five-month decline. While the Bureau of Labor Statistics reports industry employment is just shy of where it was one year ago, our Q3 2021 Insurance Labor Outlook Study indicates growth in the coming year; 93% of insurers plan to maintain or increase their staff sizes in the next 12 months.

Read More

Topics: Labor Market, PULSE