The latest jobs report shows the insurance sector created 3,300 jobs. But title insurance lost jobs and wages decreased.
Friday's US Job Report disclosed there are 64,900 jobs in the title insurance sector. That is a -4.1% decrease according to the figures redone for November 2011. In other words title insurance jobs are continuing to disappear.
The average wages are now $790.83 weekly. That reflects a double-digit decline of -15.7% according to the BLS numbers.
I would speculate that any argument regarding job loss and the redefinition of the title insurance industry doesn't have the job numbers to be persuasive.
HSBC, the banking giant, laid off 25,000 workers. Borders, when it closed, laid off 10,000 workers. Cisco laid off 6,500 workers.
We're a very small industry!