The Labor Department reported that there were 75,000 jobs added in May, well below the downwardly revised gain of 244,000 in April and below the consensus expectation of 180,000. The deceleration in growth may reflect the effects of slowing global growth and the waning effects of the tax cuts and government spending. Nevertheless, this marked the 104th consecutive month of job growth. The latest three-month average is 151,000, less than last year’s 223,000 monthly average.
The Labor Department reported that there were 263,000 jobs added in April, above the consensus expectation of 190,000. This marked the 103rd consecutive month of job growth. The latest six-month average is 200,000, less than last year’s 223,000 monthly average but still very strong for this stage of the economic expansion.
The long-awaited results of “The Forgotten Middle: Middle Market Seniors Housing Study” will soon be released, in conjunction with two upcoming events. A peer-reviewed manuscript, two perspective articles, and two blog posts, all to be published by Health Affairs, will be released at the upcoming Health Affairs policy forum in Washington, D.C. on April 24th. The complete study will be released at the upcoming NIC Investor Summit in New York on May 21st.