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

Economy Adds Only 20,000 Jobs in February

The Labor Department reported that there were only 20,000 jobs added in February, well below the consensus expectation of 180,000.  This marked the 101st consecutive month of job growth.  While February was weak, January was very strong.  The latest three-month average is 186,000, less than last year’s 223,000 monthly average but consistent with more modest growth anticipated for 2019. January…
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Economy Adds 304,000 Jobs in January

The Labor Department reported that there were a significant number of jobs added in January–304,000 and well above the consensus expectation of 172,000. This was the 100th consecutive month of job growth.  December was revised down to 222,000 from 312,000 and November was revised up to 196,000 from 176,000. The 800,000 Federal workers going unpaid during the partial federal government…
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Five Key Takeaways from NIC’s Fourth Quarter 2018 Seniors Housing Data Release

NIC MAP® Data Service clients attended a webinar in mid-January on the key seniors housing data trends during the fourth quarter of 2018.  Key takeaways included the following: Takeaway #1:  Seniors Housing Occupancy Edges Up, but Remains Soft The all occupancy rate for seniors housing, which includes properties still in lease up, inched up to 88.0% in the fourth quarter…
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Economy Adds 2.64 million Jobs in 2018

Over the year, the U.S. economy added 2.64 million jobs, making it the third best year for job growth since the recession a decade ago and the third best year since 2000. The Labor Department also reported that there were 312,000 jobs created in the U.S. economy in December, well above the consensus expectation of 176,000. This was the 99th…
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Deep Dive: A Three-year Look Back at Supply and Demand Dynamics by Metropolitan Market

As in all real estate, “its local” for seniors housing as well.  Indeed, while the seniors housing occupancy rate remained at a six-year low rate of 87.9% in the third quarter, not all markets were weak. There was a very wide disparity between the best and poorest performing markets with a 13.8 percentage point variance between the most occupied market…
Topics: Research
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