By: Beth Mace | July 07, 2017
The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 222,000 positions in June, the largest increase since February, and above the consensus 175,000 estimate. This followed gains of 207,000 in April, originally reported as 174,000, and 152,000 in May, originally reported as 138,000. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. Over the past 6 months, job gains have averaged 180,000 per month, not dissimilar to the average monthly gain of 187,000 in 2016. The economy has generated jobs every month since October 2010.
By: Beth Mace | June 28, 2017
Increasingly, operators of seniors housing and care properties are reporting labor shortages in all occupations across their operating platforms, ranging from care managers to executive directors. More broadly, U.S. employers in April advertised the most job openings in 16 years, yet hiring fell and fewer people quit work. Indeed, job openings rose 4.5% in April to more than 6 million, the most since December 2000, while hiring fell 4.8% to just over 5 million. Moreover, with the national unemployment rate falling to a 10-year low of 4.3% in May 2017, the challenge of recruiting and retaining employees is expected to only grow.
By: Beth Mace | June 21, 2017
I’m excited to tell you about new reports that have been launched on our NIC MAP® web client platform. Called the NIC MAP Bureau of Labor Statistics Employment and Wage Reports, they aim to help our clients assess and benchmark local labor pools and wage rates.
By: Beth Mace | June 02, 2017
The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 138,000 positions in May, well below the consensus 182,000 estimate. This followed gains of 174,000 in April, originally reported as 211,000 and 50,000 in March, originally reported as 79,000. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. Over the past 5 months, job gains have averaged 162,000 per month, less than the 187,000 monthly pace in the first 5 months of 2016. The economy has generated jobs every months since October 2010.
