NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  COVID-19  |  Senior Housing  |  Workforce

Employment Surges by 678,000 Positions in February, Despite Omicron

By: Beth Mace  |  March 07, 2022

The Labor Department reported that nonfarm payrolls rose by 678,000 in February 2022. This was stronger than market expectations of an increase of 423,000 and occurred despite the impact of omicron on the economy. Revisions added 92,000 to total payrolls in the previous two months. Nevertheless, nonfarm payrolls were still down by 2.1 million or 1.4% from their pre-pandemic level in February 2020.

Economic Trends  |  Workforce

Employment Up 467,000 Positions in January, Despite Omicron

By: Beth Mace  |  February 04, 2022

The Labor Department reported that nonfarm payrolls rose by 467,000 in January 2022. This was stronger than market expectations of an increase of 125,000 and occurred despite the impact of Omicron on the economy. Many analysts had expected the employment numbers to be negatively affected by absenteeism and self-isolation driven by the Omicron virus wave.

Market Trends  |  NIC MAP Vision  |  Senior Housing

Near-Record High Demand for Senior Housing and Other Key Takeaways from NIC MAP Fourth Quarter 2021 Senior Housing Data Release Webinar

By: Beth Mace  |  January 26, 2022

NIC MAP Vision clients, with access to NIC MAP® data, attended a webinar in mid-January on key seniors housing data trends during the fourth quarter of 2021. Findings were presented by the NIC Analytics research team. Key takeaways included the following: 

COVID-19  |  Market Trends  |  Senior Housing  |  Workforce

U.S. Jobless Rate Falls to 3.9% in December

By: Beth Mace  |  January 07, 2022

The Labor Department reported that the jobless rate fell 0.3 percentage point to 3.9% in December, down 2.8 percentage points from year-earlier levels. The jobless rate is now 0.4 percentage points above the pre-pandemic level of 3.5% seen in February 2020, and well below the 14.7% peak seen in April 2020.

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