Fed ‘may have gone too far’ with rapid interest rate increases, expert says
By
Kathleen Steele Gaivin
Jun 14, 2023
A risk exists that the Federal Reserve “may have gone too far” with rapid interest rate increases over the past 14 months or so “and won’t know until they’ve gone farther,” Mary Ludgin, senior...
April’s jobless rate ties January’s record low at 3.4%
By
Kathleen Steele Gaivin
May 09, 2023
After a slight bump in March, the nation’s jobless rate slipped to 3.4%, tying it with January’s record low. That’s the lowest jobless level in 54 years.
Biden looks to boost supply chain for vaccines and other medicines
By
Kathleen Steele Gaivin
Nov 29, 2023
President Biden on Monday said he plans to use the Defense Production Act to make more “essential medicines” in America in an effort to mitigate drug shortages and curb inflation.
Inflation, staffing pose pressures for not-for-profit life plan communities: Fitch Ratings
By
Kathleen Steele Gaivin
Sep 29, 2022
The not-for-profit continuing care / life plan communities sector has “broadly recovered” from pandemic stressors, but challenges lie ahead. That’s according to a new report from Fitch Ratings.
‘Red-hot inflation’ drives senior living asking rates to record high
By
Kathleen Steele Gaivin
Sep 08, 2022
Senior living asking rates were driven to record highs in June compared with the previous year, as the Federal Reserve raised interest rates in response to “red-hot inflation,” according to Omar Zahraoui,...
Life plan community outlook ‘deteriorating’ in 2023: Fitch Ratings
By
Kathleen Steele Gaivin
Dec 07, 2022
The outlook for continuing care retirement / life plan communities is “deteriorating” due to continued labor challenges and a “softening broader economy.” That’s according to a newly released...
Senior living construction backlogs hold steady
By
Kathleen Steele Gaivin
Aug 23, 2023
Backlogs for senior living construction projects are holding steady. Commodity prices have improved for some products, but labor rates continue to increase.
Ending, delaying retirement pondered by half of Americans in survey
By
Kathleen Steele Gaivin
Aug 24, 2023
Fifty percent of pre-retirees and retired workers are considering delaying or coming out of retirement, respectively, according to the results of a survey from F&G Annuities & Life.
Economy showing ‘nascent signs of softening,’ expert says, but mild recession may be on horizon
By
Kathleen Steele Gaivin
Dec 08, 2022
The consumer price index increased 7.7% from October 2021 to October 2022, marking the smallest 12-month advance since January.
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.