first quarter of 2020. In the overall private sector, the average employee workweek rose 1.0 percent between the first quarters of 2020 and 2021. Within senior living, employee hours


registered the largest growth at CCRCs, where employees worked an average of 33.1 hours during the first quarter of 2021, up 2.2 percent from their average workweek of 32.4 hours of first-quarter 2020. Employees at assisted living communities worked an average of 33.7 hours per week during the first quarter of 2021, up 1.5 percent from 33.2 hours during first-quarter 2020.


Wage growth of senior living employees


outpaced the overall private sector in recent quarters, with senior living average hourly wages rising 4.9 percent between the first quarters of 2020 and 2021. This represent- ed the fourth consecutive quarter with wage growth above 4 percent. In comparison, av- erage hourly earnings of all private sector employees increased 4.4 percent between the first quarters of 2020 and 2021. Within the senior living industry, em-


ployees at assisted living communities expe- rienced the strongest wage growth in recent quarters, continuing a pre-pandemic trend.


Trends in Average Hourly Earnings Average Sector Senior Living Industry


Continuing Care Retirement Communities Assisted Living Communities


Total U.S. Private Sector


Hourly Earnings: 2021: Q1


$19.26 $19.74 $18.75


$30.03 Percentage


Change 2020: Q1 to 2021: Q1


4.9% 4.1%


5.9% 4.4% Source: Argentum analysis of data from the Bureau of Labor Statistics; figures are not seasonally adjusted


$16 $18 $20


$14 $12


$10 2018:Q4 2019:Q1 2019:Q2 2019:Q3 2019:Q4 Continuing Care Retirement Communities 2020:Q1 2020:Q2 Assisted Living Communities 2020:Q3 2020:Q4 2021:Q1


Quarterly Averages of Hourly Earnings of Senior Living Industry Employees $19.75


$18.46 $16.46 $18.60 $16.89 $18.51 $16.97 $18.65 $17.24 $18.69 $17.40 $18.96 $17.72 $19.40 $18.21 $19.45 $18.45 $18.61


Percentage Change


2018 to 2019


3.3% 1.7%


5.3% 3.2%


Percentage Change


2017 to 2018


3.5% 3.5% 3.6%


3.0%


Average hourly earnings at assisted living communities jumped 5.9 percent between the first quarters of 2020 and 2021, mark- ing the 10th consecutive quarter with wage growth above 4 percent. Average hourly earnings of employees at


CCRCs increased 4.1 percent between the first quarters of 2020 and 2021, the fourth consecutive quarter with wage growth above 4 percent.


$19.74 $18.75


JULY/AUGUST 2021 ARGENTUM.ORG 33


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