Job Growth- For Now

Insurance jobs which fall under the classification of the financial sector are on the rise again for this month making the year look son so bad. However that appears to only be a glimmer of hope that is soon to be squashed and will in fact lead to many people not having the opportunities to get into the field as once had been believed. There are currently about 8000 new jobs that have been created all across finance recently however, that growth appears to be heading towards stagnation once the New Year rolls along. This is because of a number of different factors that will need to be looked at and analyzed.

How It Will Happen

Not necessarily the insurance industry will feel the biggest loss and cutback. The biggest pain and loss will be in banking. This is because for example Goldman Sachs will lay off 1,000 employees where as Bank of America has intentions of laying off 30,000 employees over the next few years. This is where the hardest hits will happen and will seem that all of the growth and expansion that was hoped for recently will be for naught.

Many hope that insurance will not feel the same crunch, however there will still be the chance it could happen. The only saving grace is that many people will need to have insurance where as the banks are feeling the crunch from lack of trust and the inability to win back customers they lost as the economy continues to be down now and for the foreseeable future.