CCRC | Economic Trends | Market Trends | Senior Housing | Skilled Nursing | Workforce
By: Lana Peck | January 09, 2019
Expanding on a recent NIC blog post that detailed care segment performance in the NIC MAP® 31 Primary Markets since the most recent Q42014 market cycle peak, and another blog post that went a step further and examined segment market fundamentals within Continuing Care Retirement Communities (CCRCs, also referred to as life plan communities) compared with those in non-CCRC freestanding or combined communities, the following narrative describes 3Q2018 CCRC occupancy aggregated from the NIC MAP Primary and Secondary Markets—99 of the nation’s largest core-based statistical areas (CBSAs), broken out across eight regions.
Economic Trends | Market Trends | Senior Housing | Skilled Nursing | Workforce
By: Beth Mace | January 04, 2019
Over the year, the U.S. economy added 2.64 million jobs, making it the third best year for job growth since the recession a decade ago and the third best year since 2000.
Economic Trends | Market Trends | Skilled Nursing | Workforce
By: Bill Kauffman | December 19, 2018
Occupancy Edged Up To 82.2% in Q3 2018 Managed Medicare Revenue Mix Reached 10% NIC released its third quarter 2018 Skilled Nursing Data Report last week, which includes key monthly data points from January 2012 through September 2018. The report also includes the latest urban vs. rural comparative data points as well as revenue mix trends.
Economic Trends | Market Trends | Workforce
By: Beth Mace | December 07, 2018
The unemployment rate remained low at 3.7% in November, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that upward pressure on wage rates will continue. Further indications that this is in fact starting to occur were released in the report. Average hourly earnings for all employees on private nonfarm payrolls rose in November by six cents to $27.35. Over the past 12 months, average hourly earnings have increased by 81 cents, or 3.1%. This was the same as last month and the strongest pace since 2009. Last year, they rose by 2.6%.
