Workers Comp Economics – NCCI Labor Market Insights – Worth A Look
A new NCCI Workers Comp Economics section that you may want to check out can be found here. Anyone who works in the world of Workers Comp – including employers – will find this useful. I have included an example of the April analysis chart at the end of this article with a few comments.
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From NCCI Senoir Economist Stephen Cooper (who will be presenting this material at the NCCI AIS next month.)
“The changing workforce and evolving economy continue to be top of mind for workers compensation executives,” said Cooper, who also authors a monthly overview of key labor market statistics. “There’s a lot of economic commentary out there, but none that ties directly to workers compensation until now. We will deliver economic insights through a workers compensation lens and possible impacts to premium, frequency, and severity.”
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A PDF version of the chart below can be found here.
As the US Labor Market grows, the effect on accident frequency would be an increase over time. The frequency rate of workers comp accidents has been decreasing for over 20 years. How this will affect overall workers comp economics into 2025 and beyond will likely have a post-election effect.
One area that I think will be crucial, even if indirectly, is the amount of remote workers.

No Anomalies Found – Good Development
I always try to find some outlier statistic to point out in tables, charts, or graphs. I saw nothing out of the usual other than a post-pandemic recovery with a few bumps here or there. Sometimes even finding nothing unusual can be a great discovery. I will be returning to this section of the NCCI website to see how the Workers Comp economics has changed after the 2nd quarter of 2024.