9 states where insurance is the largest industry
August 27, 2019 by Insurance Forums Staff
Turns out “insurance carriers and related activities” is the biggest industry in nine states, when you exclude the real estate and government sectors. That trailed only “Ambulatory Health Care Services,” which was the leading industry in 16 states. The oil and gas extraction industry was the largest industry in eight states.
In the vast majority of states, the real estate sector is the largest contributor to GDP and was sector was excluded from the analysis, as housing is a universal need irrespective of geography and fails to illuminate regional economic differences. The government sector was excluded for similar reasons.
Many jobs are common across all U.S. states. Jobs like educators, food service workers, and government employees are necessary to sustain a population regardless of the state. But each state is also unique and has its own history, geography, and demographic makeup – as well as its own industrial makeup, with certain jobs and industries much more common compared to other states.