NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Seniors Housing

Jobless Rate Falls to 6.9% in October, Payrolls Rise Further

By: Beth Mace  |  November 09, 2020

The Labor Department reported that nonfarm payrolls rose by 638,000 in October and that the unemployment rate fell to 6.9% from 7.9% in September. This suggests that the employment recovery from the COVID-related drop in March and April continues. Moreover, the increase is stronger than it seems on the surface because it includes a 147,000 decline in temporary Census workers. The consensus estimates for October had been for a gain of 580,000. Roughly 12.1 million jobs have been recovered during the May to October period. This is a little more than half the 22.2 million jobs lost since the pandemic began. The pace of improvement is slowing, however. In July, the economy added almost 1.8 million jobs and another 1.5 million in August. Gains slowed to 672,000 in September and 638,000 in October

COVID-19  |  Market Trends  |  Seniors Housing

The Ongoing Impact of COVID-19: Six Takeaways from NIC MAP’s 3Q20 Seniors Housing Data Release Webinar

By: Beth Mace  |  October 29, 2020

NIC MAP® Data Service clients attended a webinar in mid-October on key seniors housing data trends during the third quarter of 2020. Findings reflected the impact of COVID-19 across the seniors housing and care sector, led by NIC’s research team. Key takeaways included the following:

COVID-19  |  Market Trends  |  Seniors Housing

Investor Sentiment Less Sanguine — Results of the NIC/NREI Summer 2020 Survey

By: Beth Mace  |  October 07, 2020

Marking the sixth consecutive year, NIC once again partnered with National Real Estate Investor (NREI) on an annual investor sentiment survey in late summer 2020.

Economic Trends  |  Seniors Housing

Jobless Rate Slides Back to 7.9% in September

By: Beth Mace  |  October 02, 2020

The Labor Department reported that nonfarm payrolls rose by 661,000 in September and that the unemployment rate fell to 7.9% from 8.4%. This suggests that the employment recovery from the unprecedented COVID-related drop in March and April continues. Roughly 11.4 million jobs have now been recovered during the May to September period. Nonetheless, the level of payrolls remains about 10.8 million below where it was in February (7.0% below).