Article ID: c08ae9bc9a58a5627f8034eb9c6b1c8cc06cf00b916581930f2108c3ff5d1064
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/slower-job-wage-growth-weighs-on-workers-comp-payrolls-ncci/
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Slower job, wage growth weighs on workers comp payrolls: 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 Slower job, wage growth weighs on workers comp payrolls: NCCI by Louise Esola Workers Comp Coverage Aug 11, 2026 Slowing wage and employment growth has put downward pressure on payroll growth for workers compensation, the National Council on Compensation Insurance said in a report released Friday. Workers comp payroll grew 3.9% year over year in July, down from 4.2% in June and below the three-year average of 4.5%, according to NCCI’s Labor Market Insights report. The organization calculates payroll growth using private employment, average hourly earnings and average hours worked. Average hourly earnings increased 3.2% year over year in July, compared with 3.4% in June. Wage growth weakened in trade, health care and private education but remained solid in construction, manufacturing and some service sectors, NCCI said. The U.S. economy lost 23,000 jobs in July, while revisions to May and June figures subtracted another 103,000 jobs from previous estimates. Private employers added 30,000 jobs, but government employment fell by 53,000, including 50,000 jobs lost in local government education. Leisure and hospitality employment declined by 40,000 jobs in July, while retail employment fell by 20,000. Both sectors recorded declines for the second consecutive month, which NCCI said may reflect changes in consumer behavior caused by higher gasoline prices. Construction and health care employment grew solidly, while employment in most other sectors was little changed. The unemployment rate fell to 4.1% in July from 4.2% in June. Labor force participation declined to 61.4%, with much of the recent decrease attributed to younger workers, NCCI said. Related News Kellington returns to ACORD as CEO August 11, 2026 Canopius names former Beazley exec US chief risk officer August 11, 2026 Coface’s profits slip as sluggish economy, tariffs bite August 11, 2026 Reinsurance capital growth to continue: Report August 11, 2026 Accredited expands into Greek, Cypriot marine risks August 11, 2026 Insurers unwind cross-shareholding stakes after probe August 11, 2026 Agricultural losses from heat, drought hit $1.2B August 11, 2026 Revo pursues European surety expansion August 11, 2026 Logistics giant cyberattack disrupts shipments across Europe August 11, 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.
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