NIC Notes

Insights in Seniors Housing & Care

Executive Survey Insights  |  Market Trends  |  Workforce  |  staffing

Executive Survey Insights | June 2023

By: Ryan Brooks  |  July 13, 2023

“The June 2023 ESI again asked respondents to identify the share of full-time positions across their organization that are currently open. The responses indicate an improvement in the number of open positions that are impacting communities.

Economic Trends  |  Workforce

Strong Job Gains in May

By: Beth Mace  |  June 02, 2023

The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose by 339,000 in May 2023, in line with the average monthly gain of 341,000 over the prior 12 months, but above the upwardly revised gain of 294,000 in April and 217,000 in March. Market expectations had called for a gain of 195,000 jobs. Of note, revisions added 93,000 positions to total payrolls in the previous two months.

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.

Economic Trends  |  Executive Survey Insights  |  Senior Housing  |  Workforce

Executive Survey Insights |  March 1 to 31, 2023

By: Ryan Brooks  |  April 13, 2023

“Respondents were asked what areas have been impacted by the rising interest rate environment. Recapitalizing properties was the area most reported to be affected by rising interest rates (51%), followed by the ability to purchase properties (36%). Across all care segments, less than one in ten operators (7%) indicate that the rising interest rate environment has impacted all these abilities.