Another month, another decline in insurance jobs ... but at least this time, the slide is reduced from pervious periods. New data released by the U.S. Bureau of Labor Statistics (BLS) finds that the insurance industry lost 2,400 jobs in the month of November, which is the 13th straight month the industry has lost jobs.
In the past year, insurance jobs have declined by 60,300 (2.6%), according to BLS statistics, which is less than the 4.3% seen in nonfarm jobs nationwide. However, total U.S. nonfarm payrolls dropped by 11,000 in November. And while the overall unemployment number has increased by 7.9 million since the start of the recession in December 2007, the unemployment rate has declined in the past month from 10.2% to 10%.
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