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. Key findings from this edition included that employment growth is expected to come in at 1.9% in 2018, slightly above 2017, and is forecasted to drop off to 1.7% in 2019.
In this edition’s “Drilling Down” section, NCCI also examined the differences between employment and wage growth by state and economic sector. Key findings included that many states experienced annual wage growth above 3.1% during 2018; states where wages grew more slowly were mainly concentrated in the Midwest and Southeast, as well as New York and its surroundings. Nationally and for most states, “Professional and Business Services” is the single most impactful sector for driving wage growth.
Find out more (including a link to the free briefs!) by clicking here!