NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  Economic Trends  |  Workforce

Jobless Rate Slides Back to 3.4% in April

By: Beth Mace  |  May 05, 2023

The Bureau of Labor Statistics (BLS) reported that the unemployment rate slipped back to 3.4% in April from 3.5% in March. This places it at the same level as in January at 3.4%, which was its lowest level since 1969. It has been hovering in a narrow range for many months now and underscores the ongoing tightness of the labor market.  

Executive Survey Insights | April 1 to April 30, 2023

By: Ryan Brooks  |  May 04, 2023

“When aggregated across all care segments, one-half of responding operators (52%) report an acceleration in the pace of move-ins in April 2023. This marks the highest level of operators reporting an acceleration since April 2022, when 54% of organizations reported the pace of move-ins to be accelerating. However, this is still below the peaks experienced from April to July 2021, when approximately 60% of operators reported an acceleration in the pace of move-ins.  The higher cost of debt is having an influence on organizations’ development pipeline. More than one-half of independent living operators (57%) report the higher cost of debt is having a significant impact to their development pipeline, followed by one-half of memory care (50%) and assisted living (49%) operators. Just under one-third of nursing care operators (29%) report the higher cost of debt having a significant impact on their development pipeline.”

Market Trends  |  Skilled Nursing  |  medicaid  |  medicare  |  occupancy

Skilled Nursing Occupancy Increased but Still at Low Levels

By: Bill Kauffman  |  May 04, 2023

NIC MAP Vision released its latest Skilled Nursing Monthly Report on May 4, 2023.  The report includes key monthly data points from January 2012 through February 2023.   

Ideas and Discussion  |  Market Trends  |  NIC MAP Vision  |  NIC Spring Conference

Data Town Hall Gives Voice to Stakeholders

By: NIC  |  April 28, 2023

New ways to advance transparency discussed at 2023 NIC Spring Conference.  Robust data and transparency continue to fuel the growth of the senior housing and care industry. Stakeholders rely on solid information to make big decisions. No one can afford guesswork.