NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Ideas and Discussion  |  Market Trends  |  Senior Housing  |  Workforce  |  staffing

Emerging Trends in Senior Housing

By: Beth Mace  |  November 17, 2022

This article originally appeared in the “Emerging Trends in Real Estate® 2023” report issued by the Urban Land Institute and PwC. Data cited in article as of original publish date; more current data may be available.    Major factors influencing senior housing continue to evolve. Some trends are well known while others are still developing. In 2022 and into 2023, trends for senior housing include the following:

Economic Trends  |  Senior Housing  |  Workforce

261k New Jobs Created in October: Jobless Rate Inched Higher to 3.7%

By: Beth Burnham Mace  |  November 04, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 261,000 in October 2022 and the unemployment rate rose 0.2 percentage point to 3.7%. The October increase was well below the year-to-date average of 407,000 and below the monthly average of 562,000 seen in 2021. The monthly gain paints an image of a still growing, but slowing, labor market. For perspective, in 2019, job gains averaged 164,000 per month. Revisions added 29,000 positions to total payrolls in the previous two months.

Business Environment  |  Economic Trends  |  Forgotten Middle  |  Ideas and Discussion

California’s Middle-Income Population Projections

By: Ryan Brooks  |  October 27, 2022

Building upon the groundbreaking “Forgotten Middle” study and its subsequent update, NORC at the University of Chicago recalibrated a nationally representative forecast of the 2033 middle-market population to produce estimates reflective of future California residents. The analysis revealed several key findings about the potential unmet needs of California’s middle-income seniors, including:

Economic Trends  |  Senior Housing  |  Workforce

263k New Jobs Created in September: Jobless Rate Fell to 50-Year Low

By: Beth Mace  |  October 07, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 263,000 in September 2022 and the unemployment rate fell back to its July level of 3.5%. The September increase was well below the year-to-date average of 420,000 and below the monthly average of 562,000 seen in 2021. The monthly gain paints an image of a still growing, but slowing, job market. Revisions added 11,000 positions to total payrolls in the previous two months.

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