The National Council on Compensation Insurance (NCCI) published the July 2025 Labor Market Insights Report, providing an overview of key labor market statistics.

This report helps provide a comprehensive overview of the labor market conditions impacting workers comp, helping stakeholders to anticipate economic changes and risks, in order to adjust strategies accordingly.

According to the report:

• 147,000 jobs were added in June, with upward revisions to April and May
• Education jobs drove half of June’s growth, likely seasonal
• Private sector gains of 74,000 jobs was led by healthcare, hospitality, and construction
• Payroll growth slowed due to softer hiring, slower wage growth, and fewer hours worked
• Average hourly earnings may be trending downward
• Job openings are rising and layoffs remain low, indicating labor market resilience
• No signs of major deterioration were noted, though hiring momentum has eased