NCCI recently announced the release of the Q3 2017 edition of its Quarterly Economics Briefing, which examines the current state of the economy and implications for workers’ compensation insurance.
Key takeaways from this edition include:
- 2017 and 2018 employment growth is expected to be lower than in recent years
- Low unemployment has not translated into faster wage growth
- Interest rates have increased this year and are expected to rise more in 2018
- Beginning with this issue, NCCI will use the Personal Health Care (PHC) deflator to measure medical inflation
Read more and access the report here.