NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Workforce

U.S. economy created 98,000 jobs in March 2017

By: Beth Burnham Mace  |  April 11, 2017

The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 98,000 positions in March, well below the consensus 180,000 estimate.  This followed gains of 219,000 in February and 216,000 in January.  Revisions to January and February preliminary estimates subtracted 38,000 jobs from what was initially reported.  Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 178,000 per month.

Market Trends  |  Senior Housing  |  Workforce

Understanding Your Market Study: Part 2

By: Lana Peck  |  March 29, 2017

Defining the Market Area The first segment of this multi-part blog series established that market studies require particular attention as a critical component of the seniors housing development planning process. In this second segment, we’ll touch upon common methodologies, and uncover fine points that can increase the accuracy of a market study.

Regulatory Environment  |  Skilled Nursing  |  Workforce

NIC Skilled Nursing Data: Key Takeaways from the Fourth-Quarter 2016 Report

By: Bill Kauffman  |  March 15, 2017

NIC has just released its fourth quarter 2016 Skilled Nursing Data Report, which includes key monthly data points from January 2012 through December 2016. The current report is based on data collected monthly, but reported quarterly, from approximately 20 operators and 1,500 properties.  The data represents national, aggregate figures.  However, NIC plans to grow the data set, adding more operators and properties to produce state-level reports. NIC welcomes the participation of operators nationwide in this confidential data collection process. Participants will receive a free benchmark report every month for their contribution.

Economic Trends  |  Workforce

U.S. economy generated 235,000 jobs in February 2017

By: Beth Burnham Mace  |  March 10, 2017

The Labor Department reported on Friday that nonfarm payrolls increased by 235,000 positions in February, above the consensus 200,000 estimate.  Revisions to December and January preliminary estimates added 9,000 more jobs than initially reported.  Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 209,000 per month. Employment in health care rose by 27,000 in February.  Over the past 12 months, the sector has added an average of 30,000 jobs per month.

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