Article ID: 05619ebe615ea14048da81ed1773a1c807408ad11206a54b231cd091d4edbfbb
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/hiring-slowdown-wage-growth-create-mixed-outlook-for-comp-ncci/
Body Text
Hiring slowdown, wage growth create mixed outlook for comp: NCCI - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Hiring slowdown, wage growth create mixed outlook for comp: NCCI by Louise Esola Workers Comp Coverage Mar 26, 2026 A sharp slowdown in hiring paired with continued wage growth is creating a mixed outlook for the workers compensation system heading into 2026, according to a first-quarter economic briefing released Thursday by the National Council on Compensation Insurance. While overall economic growth remained stable in 2025, the report points to a weakened labor market, with job gains totaling just 116,000 for the year — the slowest pace outside a recession since 2003. That slowdown, however, has not translated into a proportional decline in workers compensation premium, Boca Raton, Florida-based NCCI said. Payroll — the basis for premium — is driven by both employment and wages, and elevated wage growth has helped offset stagnating job gains. As a result, payroll growth “softened from prior years but was close to its pre-pandemic average despite little employment change,” the report said. At the same time, slower hiring may be contributing to favorable claim frequency trends. Fewer new hires mean fewer short-tenured workers, who are significantly more likely to be injured on the job. Workers in their first year are about twice as likely to experience a lost-time claim and account for roughly 35% to 43% of injuries, according to the report. The decline in hiring has been substantial. Employers hired about 5.3 million workers per month in 2025, down from about 6.4 million in 2022 — a difference of roughly 14 million fewer new workers over the course of the year. Looking ahead, NCCI pointed to four factors that are expected to shape workers compensation trends: whether job growth broadens beyond health care, the trajectory of wage growth, continued shifts in hiring and worker tenure, and rising geopolitical risks that could further dampen hiring. Related News Sole proprietors not required to notify insurer as employers: Pa. court March 26, 2026 Axa XL offers pollution, general liability package policy March 26, 2026 Aon Affinity unit, CNA offering midwives malpractice cover March 26, 2026 Marsh creates service delivery practice, names head March 26, 2026 Aviva plans to launch surplus lines business in Q2 March 26, 2026 D&O policy doesn’t cover antitrust suit over drug acquisition: Court March 26, 2026 Counterpart to expand offerings with professional liability hires March 26, 2026 LIRG providing $15M of quota-share reinsurance to MGA March 26, 2026 Super Micro sued by shareholders over China-related criminal case March 26, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
Metadata (JSON)
{
"score": 12.85
}