Abstract
Every employer needs to understand workers' compensation costs and the opportunities for controlling these costs. This means understanding all the forces that affect costs, including economic trends at the national and state level. What happens to workers' compensation costs during recessions, and why? What is the role of state reform? Can employers expect the recent decline to continue? The economic growth and contraction cycle has a profound impact on workers' compensation costs. Employers that are aware of these effects can plan accordingly.
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