The Labor Department reported that nonfarm payrolls increased by only 38,000 positions in May, much less than the 160,000 positions consensus projection. Over the past 3 months, monthly job increases have averaged 116,000, down sharply from the average gain of 240,000 over the past two years. The weakness in May’s payrolls was broad-based. Employment fell in information services, temporary services, manufacturing, construction, and mining, but increased in government, leisure and hospitality, financial services, and retail. The 34,000-job loss in information largely reflected the effects of the Verizon strike, which occurred during the reporting period. Workers returned to work this week.
Registration is underway for the 2016 NIC Fall Conference, September 14–16 in downtown Washington, D.C. With full schedules of networking and programming for all three days, the conference will attract seniors housing and care leaders focused on shoring up connections and adding their voices to discussions central to the industry.