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Although the economy continues to move in the right direction, it is at a snail’s pace. Private sector hiring remains weak, and, as a result, any reasonable job market recovery is not expected until the middle of 2011.

Because the workers’ compensation industry’s underwriting performance is directly linked to the labor market recovery, the National Council on Compensation Insurance, Inc., (NCCI) recently released a study, “Gauging the Economy,” that examines the current state of the economy and its implications for workers’ compensation insurance.

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