NIC | CARES BLOG
A place for connections, analysis, research, and education on seniors housing and care

Jobs Increase by 103,000 in March 2018.

@bethmace The Labor Department reported that there were 103,000 jobs created in the U.S. economy in March, below the consensus expectation of 185,000.  This followed an upwardly revised and very large gain in February of 326,000 and marked the 90th consecutive month of positive job gains for the U.S. economy.  Over the past year, nonfarm […]

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Tight Labor Markets: What Can Seniors Housing and Care Operators Do?

What strategies can be used to mitigate today’s tight labor markets? Below are some ideas that I hope will stimulate conversation and dialog about a topic that is here to stay.   Collectively, let’s keep adding to this list and generate additional ideas about practical and implementable solutions to the ever-growing challenge of today’s tight labor […]

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U.S. Economy created 313,000 jobs in February 2018

The Labor Department reported that there were 313,000 jobs created in the U.S. economy in February.   This was above the consensus expectation of 205,000 jobs.  This marked the 89th consecutive month of positive job gains for the U.S. economy.  Revisions added 54,000 jobs to the prior two months. The labor force participation rate, which is […]

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Initial Move-in Rates for Independent Living Fall Below Year-Earlier Levels in Q4 2017

 The NIC Map Data Service recently released national benchmark data through year-end 2017 for actual rates and leasing velocity.  Key takeaways include: Average initial move-in rates were below average asking rates for both independent living and assisted living properties, with monthly spreads larger for assisted living properties throughout the entire reported period. As of December […]

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How to Boost Market Performance and Penetration Rates

As 2018 continues to unfold, construction pipelines are expected to remain full.  Near-record low occupancy levels in assisted living will remain tested, while occupancy pressures will grow in independent living as well. In markets today with an unfavorable supply/demand imbalance, growing demand penetration rates could help offset supply pressures. So, how can operators grow their […]

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