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

November Unemployment Rate Unchanged at Lowest Level in Nearly 50 Years

The unemployment rate remained low at 3.7% in November, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that upward pressure on wage rates will continue. Further indications that this is in […]

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Building an Engaged Workforce Leads to Significant Cost Savings

It’s the open secret that leading operators have long known—an engaged workforce leads to success in other parts of operations, including key financial and performance metrics. In the words of one senior living executive, “Happier employees means happier residents. That’s what we’re all about.” But can we quantify it? What is the business case for […]

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October Jobless Rate Remains at Lowest Level Since 1969

The unemployment rate held steady at 3.7% in October, which is the lowest rate since December 1969. The jobless rate remains well below the rate of what is generally believed to be the “natural rate of unemployment” of 4.5%, which suggests that there will be building pressure on wage rate growth. Evidence is mounting that […]

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September Jobless Rate Falls to Lowest Level Since 1969

The Labor Department reported that there were 134,000 jobs created in the U.S. economy in September, well below the consensus expectation of 180,000.  However, revisions added 87,000 to the prior two months as August was revised to 270,000 from 201,000 and July to 165,000 from 147,000. The September figure may have been negatively affected by […]

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Jobs Increase by 201,000 in August 2018.

The Labor Department reported that there were 201,000 jobs created in the U.S. economy in August, above the consensus expectation of 190,000.  However, revisions subtracted 50,000 to the prior two months as June was revised to 208,000 from 224,000 and July was revised to 147,000 from 157,000.  Payrolls have averaged 207,000 per month so far […]

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