NCCI released its latest Quarterly Economics Briefing newsletter. Among the findings:
- After slowing in 2016, private employment growth is projected to continue to slow this year and next year.
- Average weekly wages are forecast to accelerate due to tightening labor market conditions.
- Medical inflation is forecast to slow slightly to 3.4 percent this year and continue at that pace in 2018.
The report also includes a survey of state manufacturing presence and also discusses how the rise of automation and supply chain decentralization has contributed to long-term trends in manufacturing output, employment, and productivity.