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PULSE of the U.S. Labor Market - June 2024

June 2024: Labor Market PULSE

In May, the overall U.S. economy hit its highest unemployment rate since January 2022. Conversely, unemployment for the insurance carriers and related activities sector dropped 0.6 percentage points, to 1.8%. U.S. job openings hit a three-year low in April*, while job openings within finance and insurance slightly increased. The industry is also experiencing a voluntary ... June 2024: Labor Market PULSE

Managing Employee Burnout Tips for Summer and Beyond

Managing Employee Burnout: Tips for Summer and Beyond

As managers, acknowledging the need for a healthy work-life balance is essential – especially as we enter the summer months. Many professionals are balancing vacations, family events, kids at home, and much more along with their standard work responsibilities. While it’s essential to be sensitive to potential employee burnout year-round, the summer tends to create ... Managing Employee Burnout: Tips for Summer and Beyond

Remote, Hybrid or In-Person: What’s Best for Your Organization?

In today’s world, there’s no one-size-fits-all approach when it comes to where and how work gets done. Remote and hybrid work continue to be prevalent within the industry, and some professionals haven’t stepped into their corporate office space in more than four years. Our Q1 2024 Insurance Labor Market Study found just 6% of insurers have implemented ... Remote, Hybrid or In-Person: What’s Best for Your Organization?

May 2024: Labor Market Pulse

The unemployment rate for insurance carriers and related activities rose by .7 percentage points in April, yet hovers around 2%, consistent with the past several months. Industry employment also increased – adding more than 8,000 jobs after hitting the 3 million mark in March. The latest JOLTS report revised February job openings within the larger ... May 2024: Labor Market Pulse

Five Tips for Success in Today’s Multigenerational Workplace

Five Tips for Success in Today’s Multigenerational Workplace

With older workers delaying retirement and younger talent quickly becoming a substantial portion of the labor pool, how can you engage multi-generational teams and set them up for successful working relationships? In our recent issue of Compass, Judy Busby, senior vice president of executive search and corporate strategy, and Rachel McColister, client advisor, offer insights ... Five Tips for Success in Today’s Multigenerational Workplace

PULSE of the U.S. Labor Market - April 2024

April 2024: Labor Market Pulse

Unemployment continues to drop within the insurance industry, hitting 1.7% in March. At the same time, job openings are rising within the larger finance and insurance sector, with an average of 428,000 openings in January and February*. This is tracking above 2022’s record annual high of 393,000. Voluntary quits are also slightly increasing, hitting their ... April 2024: Labor Market Pulse

Combatting the Finance and Accounting Talent Shortage

Amid a shallowing pool of emerging talent and a workforce nearing retirement age, finding qualified individuals to fill open accounting and finance roles has been an intensifying challenge for insurers. Roughly 340,000 accountants and auditors in the United States have left their jobs in the past five years, which equates to a decline of 17%. ... Combatting the Finance and Accounting Talent Shortage

Recruiter Report: Asking the Right Interview Questions

Recruiter Report: Asking the Right Interview Questions

The current hiring environment requires swift action to secure top talent. Companies are streamlining their recruiting processes and expediting offers to ensure they don’t miss out on the right candidates. This accelerated timeline places added pressure on hiring managers and recruiters to conduct thorough interviews that accurately gauge a candidate’s fit in just a few ... Recruiter Report: Asking the Right Interview Questions

PULSE of the U.S. Labor Market - March 2024

March 2024: Labor Market Pulse

We’re closing out the first quarter of 2024 on a positive note. Unemployment for the insurance carriers and related activities sector slightly dropped to 2% and industry employment continues to grow – reaching a new record high in February. Job openings for the larger finance and insurance industry are the highest they’ve been since September ... March 2024: Labor Market Pulse

Polling Results: How Are Professionals’ Job Expectations Evolving?

As workforce dynamics evolve, professionals’ priorities and expectations have also undergone shifts. Throughout the past few months, we’ve polled our LinkedIn audience on a number of talent topics, including their sentiments around exploring new roles, work flexibility and more. Consider the below information as you build out your own recruiting strategies in today’s landscape. With ... Polling Results: How Are Professionals’ Job Expectations Evolving?

PULSE of the U.S. Labor Market - February 2024

February 2024: Labor Market Pulse

The insurance labor market remained stable throughout the first month of 2024. Notably, January hit a record high of 3 million jobs in the insurance carriers and related activities sector. Revised numbers* from the Bureau of Labor Statistics reflect the 2023 average monthly employment for the industry was 2.96 million – 34,000 more positions than ... February 2024: Labor Market Pulse

Insurance Careers Month: How You Can Make an Impact

The Jacobson Group is proud to be a co-founder of the Insurance Careers Movement, a grassroots initiative committed to inspiring young people to choose a career in insurance, sharing what makes the industry a great place to work and retaining its emerging leaders. More than 1,000 global industry organizations have come together to support this ... Insurance Careers Month: How You Can Make an Impact

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