Insurance Industry Loses 4,000 Jobs in April

The U.S. Bureau of Labor Statistics reports industry payrolls were 2.275 million in April, down from a seasonally adjusted 2.279 in March.

The U.S. Bureau of Labor Statistics reports a drop in payrolls for the U.S. insurance industry for the sixth consecutive month.

For the month of April, industry payrolls were 2.275 million in April, down from a seasonally adjusted 2.279 in March. The loss of 4,000 jobs is nearly double the total jobs lost in March.

Nonfarm payroll employment continued to decline in April (-539,000), and the unemployment rate rose from 8.5% to 8.9%, the Bureau of Labor Statistics of the U.S. Department of Labor says. Since the recession began in December 2007, 5.7 million jobs have been lost. In April, job losses were large and widespread across nearly all major private-sector industries. Overall, private-sector employment fell by 611,000.