Today’s issue of WorkCompRecap features the release of a new edition of NCCI’s Quarterly Economics Briefing, which examines the current state of the economy and the implications for workers’ comp insurance. This edition also looks at the components of payroll growth for NCCI industry groups.
Key findings from this edition included that Private employment grew by 2.4% in 2015, the strongest increase since the recession. After continuing at a strong pace during Q1 of 2016, growth slowed in Q2. NCCI also noted that after looking at payroll growth by industry group that both increases in employment and average weekly wages were driving factors, with employment driving changes in Contracting payroll, while AWW growth was the primary driver for the private sector and four other industry groups.
Find out more (including a link to the free brief!) by clicking here!