Senior living ‘on the precipice of this defining moment,’ Argentum CEO says
By
Kimberly Bonvissuto
Apr 30, 2024
The senior living industry sits “on the precipice of this defining moment with significant challenges but also tremendous opportunities” to tell its story and help millions of older adults “live...
Senior living hourly wages outpace private sector, but competition for workers continues
By
Kimberly Bonvissuto
Apr 24, 2024
Hourly wages in senior living communities have increased by 30.9% over the past five years, outpacing growth in the broader private sector by 6.5 percentage points. But the labor market remains “exceptionally...
68 percent of pre-retirees say they will not be able to retire as planned at 65: survey
By
Kathleen Steele Gaivin
Apr 16, 2024
Sixty-eight percent of workers aged 55 to 65 years participating in a new survey said they are facing the reality that retiring fully or comfortably at 65 is more or less a pipe dream, with 41% planning...
Job gains ‘remain solid’ in February: ADP
By
Kathleen Steele Gaivin
Mar 07, 2024
“Job gains remain solid,” ADP Chief Economist Nela Richardson said in a press release issued Wednesday in conjunction with an ADP National Employment Report Economy Lab report.
Independent contractor rule’s effects ‘likely to be limited’ for employers, attorney says
By
Kathleen Steele Gaivin
Mar 04, 2024
As long-term care and other employers prepare to implement the Department of Labor’s independent contractor rule March 11, “the impact of this is likely to be limited” for employers, according to...
Labor Department announces $200 million in grants for apprenticeships in nursing, hospitality, other...
By
Lois A. Bowers
Feb 26, 2024
The US Department of Labor has announced the availability of almost $200 million in grants to support public-private partnerships that “expand, diversify and strengthen” registered apprenticeships...
‘Rich opportunities, daunting challenges’ ahead for senior living: report
By
Kimberly Bonvissuto
Feb 08, 2024
2024 will bring both “rich opportunities” and “daunting challenges” as senior living takes “two steps forward and one back,” according to a new Argentum industry forecast report.
Health/education sector adds 17,000 jobs in January
By
Kathleen Steele Gaivin
Feb 01, 2024
The health/education sector added 17,000 jobs in January, and median pay increased 5.9% for people who stayed in jobs in the sector, according to the ADP National Employment Report, released Wednesday.
Independent contractor rule poses ‘significant threat’ to older workers, senators tell Labor Department
By
Kimberly Bonvissuto
Jan 31, 2024
A new federal rule changing the definition of when someone is an independent contractor versus an employee could pose a “significant threat” to older working Americans’ income, security and peace...
Retirees head back to work amid economic fears: report
By
Kathleen Steele Gaivin
Jan 29, 2024
An increasing number of retired workers are heading back into the workforce amid economic fears, according to the results of a recent survey from Nationwide Retirement Institute.