A Firm Foundation: How Insurance Supports the Economy

Insurance Compared With Other Industries

The insurance industry employs 2.7 million people, accounting for about 27 percent of the workforce in the U.S. financial activities sector, according to the Current Population Survey from the U.S. Department of Labor.


Employment By Industry, 2015

Industry Employees (000)
Total, all industries 148,834
Agriculture, forestry, fishing, and hunting 2,422
Mining, quarrying, and oil and gas extraction 917
Construction 9,935
Manufacturing  15,338
Wholesale and retail trade 20,320
Transportation and utilities 7,726
Information 2,988
Financial activities 10,087
     Insurance carriers and related activities 2,730
Professional and business services 17,409
Education and health services 33,678
Leisure and hospitality 13,821
Other services 7,264
Public administration 6,928

Source: Bureau of Labor Statistics, Current Population Survey (CPS).

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