The National Council on Compensation Insurance (NCCI) has released a report (June, 2009) that shows compelling evidence that the growth rate of the workplace injury and illness incidence rates drop during recessions. In addition, the study finds that these incidence rates rise during economic recoveries. At the same time, there is a widely held belief that layoffs, which tend to peak in recessions, lead to spikes in workers compensation claims.
The analysis attempts to reconcile the two opposing perceptions of the effect of an economic downturn on the growth rate of the reported workplace injury and illness incidence rate by studying how it is affected by changes in the rates of job creation, which may relate to an increase in the proportion of workers who are inexperienced in their current job and more likely to sustain a workplace injury, and job destruction, as employees affected by layoffs look to workers compensation for wage continuation.
Read the entire report at: www.ncci.com
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