NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Workforce

Jobs Increase by 236,000 in March; Jobless Rate Edges Down to 3.5%

By: Beth Mace  |  April 07, 2023

The Bureau of Labor Statistics reported that the unemployment rate slipped back to 3.5% in March from 3.6% in February, but up from 3.4% in January, which was its lowest level since 1969. It has been hovering in a narrow range for many months now. Separately, the BLS also reported that nonfarm payrolls rose by 236,000 in March 2023, below the monthly pace of 334,000 over the prior six months, but still strong. Market expectations had called for a gain of 230,000 jobs. Revisions subtracted 17,000 positions to total payrolls in the previous two months.

Ideas and Discussion  |  Workforce

NIC’s Kramer Honored with Career Achievement Award

By: NIC  |  April 06, 2023

Big industry awards ceremony draws former NIC board chairs and leaders.

Business Environment  |  Economic Trends  |  Workforce

Jobs Increase by 311,000 in February; Jobless Rate Rises to 3.6%

By: Beth Mace  |  March 10, 2023

The unemployment rate reversed course and rose to 3.6% in February from 3.4% in January, which was its lowest level since 1969. Separately, the U.S. Bureau of Labor Statistics also reported that nonfarm payrolls rose by 311,000 in February 2023, below the monthly pace of 343,000 over the prior six months, but still strong. Market expectations had called for a gain of less than 225,000 jobs. Revisions subtracted 34,000 positions to total payrolls in the previous two months.

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.

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