COVID-19 | Skilled Nursing | Skilled Nursing Tracker | Workforce
By: Omar Zahraoui | May 25, 2022
NIC's Skilled Nursing COVID-19 Tracker, featuring the most up-to-date CMS data,* shows that rates of new COVID-19 infections in skilled nursing facilities are rising once again for both residents and staff.
Ideas and Discussion | Senior Housing | Skilled Nursing | Workforce
By: NIC | May 19, 2022
Here are some actionable insights. Amid an industry-wide frustration with an exceptionally tight labor market and quickly rising wages, new approaches to recruit and retain good workers were detailed at the 2022 NIC Spring Conference in Dallas. The session, “Fostering Meaningful Engagement: Industry Staffing and Labor Needs,” included presentations by four experts followed by a brainstorming session for industry stakeholders to share ideas on effective strategies.
By: Beth Mace | May 06, 2022
The Labor Department reported that nonfarm payrolls rose by 428,000 in April 2022 and the unemployment rate held steady at 3.6%. The report confirms that the labor market remains resilient, despite the war in Ukraine and on-going supply-chain pressures. Concerns about rising wage costs and inflation are also backed by this report. Average hourly earnings for all employees on private nonfarm payrolls rose by $0.13 in April to $31.85. This was a gain of 5.5% from year-earlier levels, just slightly less than the 5.6% gain seen in March. The data shows that the labor market continues to gain momentum and wage growth is accelerating. The report strengthens the Federal Reserve’s intention of raising interest rates further following the 0.50 percentage point hike in the fed funds rate announced earlier this week.
Business Environment | COVID-19 | Senior Housing | Workforce
By: Beth Mace | April 01, 2022
As the economy continues to move back toward normalcy and away from the pandemic, the Labor Department reported that nonfarm payrolls rose by 431,000 in March 2022. The data suggest that the war in Ukraine and the surge in oil prices has not dampened hiring activity.
