NIC Notes

Insights in Seniors Housing & Care

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.

Economic Trends  |  Senior Housing  |  Workforce

November Jobless Rate Unchanged at 3.7%

By: Beth Mace  |  December 02, 2022

The U.S. Bureau of Labor Statistics reported that nonfarm payrolls rose by 263,000 in November 2022 and the unemployment rate remained steady at 3.7%. The November increase was roughly the same as average growth over the prior three months (282,000), but well below the year-to-date average of 392,000 and the monthly average of 562,000 seen in 2021, and higher than the average monthly gains of 164,000 seen in 2019. Market expectations had called for a gain of 200,000 jobs. Revisions subtracted 23,000 positions to total payrolls in the previous two months. The monthly gain paints an image of a still growing, but slowing, labor market.

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