Insurance Carrier Employment Falls For First Time Since COVID-19, Down 29,000 In 2025

During 2025, employment in the insurance carriers and related activities sector declined by 29,000 jobs, decreasing from approximately 3.03 million at the start of the year to about 3.00 million by year-end, according to the U.S. Bureau of Labor Statistics (BLS). This marks the first annual employment decline in the sector since the COVID-19 pandemic.

The industry unemployment rate rose to 3.0% in December 2025, up from 2.5% the previous month.

The sector (NAICS 524) includes life, health, and property insurers, as well as related activities such as claims adjusting, underwriting, policy . . .