Market Trends | Senior Housing
By: Beth Mace | October 31, 2019
NIC MAP® Data Service clients attended a webinar in mid-October on the key seniors housing data trends during the third quarter of 2019. Three key takeaways are shared below. We’ll share additional key learnings from the data in the next NIC Notes.
By: Beth Mace | October 04, 2019
The Labor Department reported that there were 136,000 jobs added in September, below the consensus estimate of 145,000. For the nine months through September, the average monthly increase in total employment has been 161,000, below the average monthly gain of 223,000 in 2018 (note that this will likely be revised down based on the recent preliminary benchmark revision estimate). Health care added 39,000 jobs, in line with its average monthly gain over the past 12 months. Revisions added 45,000 to the prior two months. The change in total nonfarm payroll employment for July was revised up by 7,000 from 159,000 to 166,000 and the change for August was revised up by 38,000 from 130,000 to 168,000. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.
By: Beth Mace | September 06, 2019
The Labor Department reported that there were 130,000 jobs added in August, below the consensus estimate of 160,000. About 25,000 of the jobs added were temporary positions associated with the 2020 census. For the eight months through August, the average monthly increase in total employment has been 158,000, below the average monthly gain of 223,000 in 2018. The private sector added 96,000 jobs in August, weaker than the monthly year-to-date pace of 145,000 and down from an average monthly gain of 215,000 in 2018.
By: Beth Mace | August 02, 2019
The Labor Department reported that there were 164,000 jobs added in July, quite close to the consensus estimate. The July increase in jobs marked the 106th consecutive month of job growth. The latest six-month average increase is 140,000, the fewest in seven years and less than last year’s 223,000 monthly average. Nevertheless, the pace of job gains is relatively strong and generally stronger than the levels that have usually prompted the Federal Reserve to cut interest rates in the past. That said, pressures associated with trade tensions and potential further trade-related weakness in the economy suggest that the Fed may be cutting rates further in September after this month’s 25 basis point reduction.
