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October 14, 2004

Unemployment Rate Low For Insurance Industry

Copyright 2004 The National Underwriter Company

Claims Magazine

October 2004


107 words

In March of this year, the insurance industry had an unemployment rate of 4.1 percent. That tied with June of 2002 for a five-year high. In August, the last month for which Bureau of Labor Statistics' data had been compiled at press time, unemployment among insurance personnel was down to 2.0. For the same month, the unemployment rate for all United States industries was 5.4 percent.

The unemployment rate counts only those who have been employed in the industry, and currently are searching for work. Recent graduates seeking employment as underwriters, claim adjusters, or customer service representatives are not included.

October 14, 2004

Posted by Tom Troceen