NIC Notes

Insights in Seniors Housing & Care

Senior Housing  |  Skilled Nursing  |  Workforce

State of the Nursing Labor Market in Senior Living and Adjacent Healthcare Industries

By: Omar Zahraoui  |  July 22, 2022

2021 Occupational Employment and Wage Statistics: Labor Concentration and Complimentary State Level Report.   In a NIC Notes blog published June 23, 2022, NIC Analytics examined jobs in the skilled nursing and senior housing sectors by looking at employment patterns since March 2020. The analysis included insights on workforce contraction and recovery in the sectors, as well as wage increases, compared with other adjacent healthcare industry groups. The blog provided context on jobs and wages for all employees within select healthcare industry groups.

Ideas and Discussion  |  NIC Leadership Huddle  |  Workforce

NIC Leadership Huddle: Leading Through Change

By: NIC  |  July 15, 2022

The senior housing and care sector is constantly evolving, but fresh industry, economic, and societal pressures force owners and operators to be nimbler than ever to thrive. On July 13, NIC hosted its final Leadership Huddle of 2022 – Chris Taylor, managing director of Capital One Healthcare Real Estate led the conversation between senior living experts Cindy Baier, CEO of Brookdale Living, and Kimberly Lody, CEO of Sonida Senior Living, to explore how leaders can navigate change and utilize it to improve their organizations.

Economic Trends  |  Senior Housing  |  Workforce

372,000 New Jobs Created in June; Jobless Rate Remained at a Low 3.6%

By: Beth Mace  |  July 08, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 372,000 in June 2022 and the unemployment rate held steady at 3.6%. The June increase was in line with the average monthly gain over the prior three months (383,000). Revisions subtracted 72,000 to total payrolls in the previous two months. The market consensus had been for a gain of 268,000. 

Economic Trends  |  Workforce

Economy Generated 390k New Jobs in May; Jobless Rate Unchanged at 3.6%

By: Beth Mace  |  June 03, 2022

The Labor Department reported that nonfarm payrolls rose by 390,000 in May 2022 and the unemployment rate held steady at 3.6%. The report confirms that the labor market remains strong, despite the war in Ukraine and on-going supply-chain pressures. Concerns about rising wage costs and inflation are also supported by this report. Average hourly earnings for all employees on private nonfarm payrolls rose by $0.10 in May to $31.95. This was a gain of 5.2% from year-earlier levels but was less than the 5.5% gain seen in April.