WCIRB Posts 2025 Economic Report

The Workers' Compensation Insurance Rating Bureau said forecasts of employment growth, wage growth and unemployment rates through 2027 have held steady despite uncertainty surrounding tariffs and other factors. Unemployment is projected to increase slightly this year, then decrease to "very low levels" in 2026 and 2027, the WCIRB said. The bureau also said its research has found that increases in unemployment are correlated with decreases in claim frequency. "Given the current forecast of changes in the unemployment rate is small, there would also be a small impact on chan...