Trends in Employment Across Related Industries
Number of Jobs: Q1 2017
Senior Living Industry
Continuing Care Retirement Communities Assisted Living Communities
Skilled Nursing Hospitals
Home Health Care Retail Trade
Restaurants and Accommodations Total U.S. Private Sector
897,000 478,900 418,100
1,637,500 5,079,100 1,380,400 15,686,900 13,170,700
121.7 million
Q1 2016 to Q1 2017
1.4% 1.6% 1.1%
0.2% 2.1% 3.1%
0.8% 1.9%
1.7% Source: Argentum analysis of data from the Bureau of Labor Statistics; figures are seasonally adjusted
post-recession employment trends have been mixed. The home health care in- dustry posted the strongest percent gains, with its workforce growing by 31 percent, or 330,000 jobs. Hospitals added 419,000 jobs during the employment recovery, which represented an increase of 9 percent. In contrast, the skilled nursing sector cut 8,000 jobs during the last seven years, which was a decline of nearly 1 percent. Employment in the restaurants and ac-
commodations sector gained 23 percent or about 2.5 million jobs since the end of the recession, while retail employment increased 10 percent, representing 1.5 million jobs.
Senior Living Job Growth Accelerates Job growth in the senior living industry accelerated in the first quarter after posting a modest gain in the fourth quarter. Senior living communities added a net 3,500 jobs in the first quarter on a seasonally adjusted basis, up from a gain of 1,100 jobs in the fourth quarter. Despite the improvement in the first
quarter, job growth in the senior living in- dustry remained on a slowing trend. The senior living industry added jobs at a 1.4
percent rate between the first quarters of 2016 and 2017, which represented the third consecutive quarter with job growth below 2 percent. In addition, it fell short of the 1.7 percent gain in total private sector employ- ment during the same period. Continuing care retirement communities added jobs at a 1.6 percent rate between the first quarters of and . This was up from a 1.2 percent gain in the fourth quarter, but still represented the third consecutive quarter with job growth of less than 2 percent. Assisted living communities added jobs at
a modest . percent rate between the first quarters of 2016 and 2017.
Job Growth Mixed in Related Industries; Home Health Continues Gains Among the related industries, job growth was mixed in recent quarters. The home health care industry continued to be the strongest job creator among the related in- dustries, as payrolls expanded 3.1 percent between the first quarters of and . This represented the 10th consecutive quar- ter in which home health care registered job growth of at least 3 percent. Hospitals continued to outpace private
sector job growth, though it slowed for the third consecutive quarter. Hospitals added jobs at a . percent rate between the first quarters of 2016 and 2017, which ranked second out of the five related industries. Employment in the skilled nursing sector
remained essentially flat in recent years. The skilled nursing sector added jobs at a . percent rate between the first quarters of 2016 and 2017, which ranked last out of the five related industries. The restaurants and accommodations
industry added jobs at a 1.9 percent rate be- tween the first quarters of and , which came in slightly above employment growth in the overall private sector. Al- though gains remained positive, job growth in the restaurants and accommodations industry slowed for the fourth consecutive quarter. The retail sector added jobs at a 0.8 per-
cent rate between the first quarters of and 2017. See Senior Living Executive’s sister publica-
tion, Argentum Quarterly, for more complete quarterly workforce data.
2015 to 2016
2.1% 2.1% 2.2%
-0.3% 2.6% 3.6% 1.4% 3.0%
1.9% 2014 to 2015
3.5% 3.8% 3.1%
-0.1% 2.3% 4.1% 1.6% 3.2%
2.3%
ISSUE 3 2017 /
ARGENTUM.ORG 25
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