Today’s issue of WorkCompRecap features NCCI’s release of a new Insights research brief that examines how “The Great Reshuffle” is reshaping the US labor market, and how these changes may affect workers’ comp as well.
NCCI noted that quit rates jumped in the middle of 2021 and remain high at about 50 million quits a year, almost 10 million more than pre-pandemic averages, and that many workers are new to their jobs. While some workers are moving from one similar job to another, others are changing industries or occupations. The brief explores how such large changes in the labor market impact workers compensation injury frequency, noting that the magnitude of these impacts relies on the interaction of three factors: how much more or less likely short-tenured or remote workers are to be injured than other workers; how much the share of such workers changed; and how the sector mix of the workforce changed during the pandemic.