NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Workforce

November Unemployment Rate Unchanged at Lowest Level in Nearly 50 Years

By: Beth Mace  |  December 07, 2018

The unemployment rate remained low at 3.7% in November, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that upward pressure on wage rates will continue. Further indications that this is in fact starting to occur were released in the report. Average hourly earnings for all employees on private nonfarm payrolls rose in November by six cents to $27.35. Over the past 12 months, average hourly earnings have increased by 81 cents, or 3.1%. This was the same as last month and the strongest pace since 2009. Last year, they rose by 2.6%.

Economic Trends  |  Market Trends  |  Senior Housing  |  Workforce

Seniors Housing Penetration Rates: Variation over Time, Variation Across Metropolitan Markets

By: Beth Mace and Anne Standish  |  December 05, 2018

Penetration rates vary across markets and across time. Some of the variation may be due to differing demand factors such as population and household growth and size, consumer preferences, familiarity and comfort with the product, changes in the composition of inventory, and cultural influences. This blog post explores some of this variation.

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