BLS: Nursing, residential care facilities add 11,000 jobs in February
By
Kathleen Steele Gaivin
Mar 11, 2024
Nursing and residential care facilities, collectively, generated 11,000 jobs in February, according to Friday’s jobs report from the Bureau of Labor Statistics.
Initial claims for unemployment stabilize week over week
By
Kathleen Steele Gaivin
Mar 08, 2024
Week-over-week initial claims for unemployment for the week ended March 2 remained flat at 217,000, according to data released Thursday by the Department of Labor’s Bureau of Labor Statistics.
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.
Senior living occupancy recovery driven by ‘steadfast absorption,’ aging population: report
By
Kathleen Steele Gaivin
Mar 06, 2024
“Steadfast absorption sustains occupancy recovery” across memory care, assisted living and continuing care retirement communities, according to a new report from commercial real estate investment sales...
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...
National Church Residences community receives almost $3 million for green energy, climate resilience...
By
Kimberly Bonvissuto
Mar 01, 2024
A National Church Residences affordable senior housing community in Indiana will receive $2.7 million in federal grant funding to support clean energy and climate resilience upgrades.
Occupancy higher at entrance fee CCRCs compared with rental CCRCs
By
Kathleen Steele Gaivin
Mar 01, 2024
The occupancy rate for entrance fee continuing care retirement / life plan communities was greater than 90% in the fourth quarter of 2023, according to Omar Zahraoui, principal at the National Investment...
Rebound expected for M&A in senior living and care
By
Kathleen Steele Gaivin
Feb 28, 2024
Mergers and acquisitions activity in senior living and care faltered in 2023 for various economic reasons, but M&A is expected to rebound this year, according to the experts at accounting and consulting...
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...
Senior living lending increases as investors adjust to changing capital market
By
Kathleen Steele Gaivin
Feb 23, 2024
The issuance of new permanent debt for senior living increased during the third quarter of 2023, according to a lending trends report released by NIC Analytics.