The Labor Department reported that there were 213,000 jobs created in the U.S. economy in June, above the consensus expectation of 195,000. This followed an upwardly revised gain of 244,000 jobs in May (originally reported as 233,000) and an upwardly revised gain of 175,000 in April (originally reported as 159,000). The two-month revision was a positive 37,000 new jobs. After revisions, payroll gains have averaged 211,000 per month over the past three months and 215,000 per month since the beginning of the year. In 2017, they averaged 182,000 per month.
Occupancy Continues to Fall, Despite Typical Seasonal Influence Managed Medicare represents increasingly larger share of skilled nursing revenue NIC released its first quarter 2018 Skilled Nursing Data Report last week, which includes key monthly data points from October 2011 through March 2018.
First-quarter data showed continued downward pressure on occupancy rates, with assisted living occupancy falling to its lowest level since NIC began reporting data in 2006—85.7%. A broader measure, the occupancy rate for all of seniors housing (independent and assisted living) for the 99 Primary and Secondary markets tracked by the NIC MAP® Data Service, had a first quarter occupancy rate of 88.1%, not the lowest on record, but a nadir since mid-2011 and down from 90.0% as recently as Q4 2015. During the nine quarters since then, inventory growth has exceeded demand by 23,000 units (70,000 units of inventory growth versus 47,000 units of net absorption).