Since last quarter FIRE added 732 employees rising 0.7%. Banking (60) incurred the largest increase up 325 employees. Gains appear to be reporting changes by one employer rather than expanded hiring. Expansions added 183 employees to Insurance Agents (64). Insurance Carriers (63) gained 156 employees. Expansions and hiring of summer help in Fire, Marine & Casualty Insurance (633) and expansions of existing business in Title Insurance (636) generated most of the gain in Insurance Carriers. Security & Commodity (62) dropped 44 employees. Losses occurred in a couple of the larger firms. Following the end of the ski season Real Estate (65) typically experiences slowing as maintenance staff for resort condos are laid off. Real Estate dropped 35 employees since last quarter.
FIRE dropped 0.4% losing 412 employees over the year. Sector activity was mixed. Banking (60) added 557 employees and Insurance Agents (64) 435. Growth in Banking resulted from SIC changes in January into the sector and possible reporting changes by an employer rather than growth. Growth in Insurance Agents appears to be expansions. Security & Commodity (62) added 258 employees due to the acquisition of about 240 employees in January from SIC changes. Climbing interest rates and slowing home sales towards the end of 1994 impacted losses in Credit Agencies (61) which contains Mortgage Bankers & Brokers and Insurance Carriers (63) which contains Title Insurance. Credit Agencies lost 1467 employees and Insurance Carriers lost 201.