A Firm Foundation: How Insurance Supports the Economy

Insurance Compared With Other Industries

The insurance industry employs 2.8 million people, accounting for about 26 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, 2018


Industry Employees (000)
Total, all industries 155,761
Agriculture, forestry, fishing, and hunting 2,425
Mining, quarrying, and oil and gas extraction 784
Construction 11,181
Manufacturing  15,560
Wholesale and retail trade 20,270
Transportation and utilities 8,551
Information 2,919
Financial activities 10,649
     Insurance carriers and related activities 2,797
Professional and business services 18,950
Education and health services 35,043
Leisure and hospitality 14,268
Other services 7,742
Public administration 7,419

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

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