NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Workforce

Relatively Weak September Employment Report:  Jobs Up by 195,000

By: Beth Mace  |  October 11, 2021

The Labor Department reported that nonfarm payrolls rose by a disappointing 195,000 in September 2021. The consensus had been for an increase of 500,000. This was a deceleration from August when jobs grew by an upwardly revised 366,000 (originally reported as 235,000) and from July when jobs increased by 1,091,000, up from 1,053,000 as originally reported.

Market Trends  |  Seniors Housing

Seniors Housing Investment Returns Remain Weak in Second Quarter 2021

By: Beth Mace  |  September 09, 2021

The total investment return for the seniors housing sector was a positive 0.54% in the second quarter of 2021. This marked the fourth consecutive quarterly gain after one quarter of negative returns in the second quarter of 2020 when total returns were negative 1.00%; that marked the first negative total return since 2012 and prior to that in 2009.

Economic Trends  |  Workforce

Disappointing August Employment Report: Jobs Up by 235,000

By: Beth Mace  |  September 03, 2021

The Labor Department reported that nonfarm payrolls rose by a weaker than expected 235,000 in August 2021. The consensus had been for an increase of 725,000. This was a sharp deceleration from July when jobs grew by 1.1 million and June when jobs increased by 962,000. Through August, monthly job growth has averaged 586,00 per month. Nonfarm payrolls are now up by 17.0 million since April 2020 but remain down by 5.3 million or 3.5% from pre-pandemic levels of February 2020.

Economic Trends  |  Workforce

Much Attention to Strong July Employment Report: Jobs Up by 943,000

By: Beth Mace  |  August 09, 2021

The Labor Department reported that nonfarm payrolls rose by a strong 943,000 in July 2021 and an upwardly revised 938,000 in June. The consensus estimates for July had been for a gain of 858,000. Nonfarm payrolls are now up by 16.7 million since April 2020 but remain down by 5.7 million or 3.7% from pre-pandemic levels of February 2020. The data show that the U.S. recovery from the pandemic remains in place and that the hindrance on hiring from labor shortages may be easing.

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