NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Workforce

Jobs Increase by 213,000 in June 2018

By: Beth Burnham Mace  |  July 06, 2018

The Labor Department reported that there were 213,000 jobs created in the U.S. economy in June, above the consensus expectation of 195,000.  This followed an upwardly revised gain of 244,000 jobs in May (originally reported as 233,000) and an upwardly revised gain of 175,000 in April (originally reported as 159,000).  The two-month revision was a positive 37,000 new jobs.  After revisions, payroll gains have averaged 211,000 per month over the past three months and 215,000 per month since the beginning of the year.  In 2017, they averaged 182,000 per month.

Economic Trends  |  Market Trends  |  Senior Housing  |  Workforce

Seniors Housing Inventory Growth--A Lot or Not So Much--Some Perspective

By: Beth Burnham Mace  |  June 13, 2018

First-quarter data showed continued downward pressure on occupancy rates, with assisted living occupancy falling to its lowest level since NIC began reporting data in 2006—85.7%.  A broader measure, the occupancy rate for all of seniors housing (independent and assisted living) for the 99 Primary and Secondary markets tracked by the NIC MAP® Data Service, had a first quarter occupancy rate of 88.1%, not the lowest on record, but a nadir since mid-2011 and down from 90.0% as recently as Q4 2015.  During the nine quarters since then, inventory growth has exceeded demand by 23,000 units (70,000 units of inventory growth versus 47,000 units of net absorption).

Economic Trends  |  Market Trends  |  Workforce

Jobs Increase by 164,000 in April 2018

By: Beth Burnham Mace  |  May 04, 2018

The Labor Department reported that there were 164,000 jobs created in the U.S. economy in April, below the consensus expectation of 193,000.  This followed a downwardly revised gain of 324,000 jobs in February (originally reported as 326,000) and an upwardly revised gain of 135,000 in March (originally reported as 103,000).  The two-month revision was a positive 30,000 new jobs.

Economic Trends  |  Market Trends  |  Workforce

Jobs Increase by 223,000 in May 2018

By: Beth Burnham Mace  |  May 01, 2018

The Labor Department reported that there were 223,000 jobs created in the U.S. economy in May, well above the consensus expectation of 190,000.  This followed a downwardly revised gain of 159,000 jobs in April (originally reported as 164,000) and an upwardly revised gain of 155,000 in March (originally reported as 135,000).  The two-month revision was a positive 15,000 new jobs.  After revisions and thus far five months into the year, payrolls gains have averaged 207,000 per month, up from 182,000 per month last year.

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