NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  Senior Housing  |  Skilled Nursing  |  Workforce

Executive Survey Insights Wave 50: February 1 to 28, 2023

By: Ryan Brooks  |  March 10, 2023

“In a new question to the ESI, respondents were asked what areas have been impacted by the rising interest rate environment. Purchasing properties was the area most reported to be affected by rising interest rates, followed by the ability to recapitalize properties. Across all care segments, one in twelve operators (8%) indicate that their abilities to purchase, sell, and recapitalize properties have all been impacted by the rising interest rate environment.

Ideas and Discussion  |  Senior Housing  |  Workforce

NIC Teams with Higher Ed to Cultivate New Leaders

By: NIC  |  February 23, 2023

Mullen and Colson Scholars Lead the Way With an assist from NIC, universities and colleges are ramping up their senior living programs helping to build a robust pipeline of new, committed industry leaders. Take, for example, Rebecca Bond. She’ll graduate this spring with a master’s degree in Management of Aging Services from the Erickson School of Aging Studies at the University of Maryland Baltimore County (UMBC).

Business Environment  |  Economic Trends  |  Workforce

Jobs Surge 517,000 in January; Jobless Rate Slides to 3.4%

By: Beth Mace  |  February 03, 2023

The unemployment rate fell to 3.4% in January, its lowest level since 1969 and below December’s already low rate of 3.5%. Separately, the U.S. Bureau of Labor Statistics also reported that nonfarm payrolls rose by a very large 517,000 in January 2023, nearly twice as much as in December (260,000) and more than the monthly average of 401,000 in 2022. Market expectations had called for a gain of less than 200,000 jobs. Revisions added 71,000 positions to total payrolls in the previous two months. The monthly gain and revisions paint an image of a still strong labor market.

Business Environment  |  Ideas and Discussion  |  Workforce

Advancing Diversity, Equity, Inclusion, and Belonging in Senior Living

By: Chuck Harry  |  December 16, 2022

Sharing a commitment to advancing diversity, equity, inclusion, and belonging (DEIB) in the senior living industry, Argentum, the American Seniors Housing Association (ASHA), and NIC earlier this year formed the Senior Living DEIB Coalition to empower businesses operating in and around senior living.