Claim rates usually rise as activity increases
The downside of an uptick in oil and gas activity is this: injury rates in young, new employees go up. A lot.
After the 2008/2009 recession, Enform analyzed data from the Alberta Workers’ Compensation Board and Statistics Canada. It found that by 2012, the industry’s workforce had increased by 25 per cent (based on person-years). But the injury claim rate had increased by 29 per cent. And the claim rate among workers 15 to 24 years old had soared by 94 per cent. Continue reading