SENIOR LIVING EMPLOYMENT ROSE IN THE
FIRST QUARTER OF THE YEAR
Sector Senior Living Industry
Continuing Care Retirement Communities Assisted Living Communities
Total U.S. Private Sector
For the first time in two years, the senior living industry registered a quarterly increase in overall staffing levels. According to preliminary figures from the Bureau of Labor Statistics (BLS), the senior living industry added a net 4,300 jobs in the first quarter on a seasonally adjusted basis. That followed seven consecutive quarters of job losses, including declines of more than 10,000 jobs during the third and fourth quarters of last year. Despite the recent increase, employment in the senior living industry declined 3.1%
between the first quarters of 2021 and 2022. In comparison, overall private sector employment rose 5.3% during the same four-quarter period. Within the senior living industry, job losses were much more significant at continu-
ing care retirement communities in recent quarters. Employment at continuing care retirement communities fell 5.4% between the first quarters of 2021 and 2022, while payrolls at assisted living communities only declined by 0.7%.
Trends in Employment
Number of Jobs 2022: Q1
868,900 437,400 431,500
126.6 million
2021: Q1 to 2022: Q1
-3.1% -5.4% -0.7%
5.3% Source: Argentum analysis of data from the Bureau of Labor Statistics; figures are not seasonally adjusted. 2019 to 2020
-3.6% -4.8% -2.2%
-6.3% 2018 to 2019
2.4% 2.0% 2.9%
1.5%
Senior Living Industry Employment Change from the Previous Quarter 20,000 6,000 600 0 -5,100 -20,000 -40,000 -46,800 -60,000 2019:Q4 2020:Q1 2020:Q2 2020:Q3 2020:Q4 2021:Q1 2021:Q2 Source: Argentum analysis of data from the Bureau of Labor Statistic. 2021:Q3 2021:Q4 2022:Q1 -14,800 -7,000 -4,900 -11,900 -15,300 4,300
SEPTEMBER/OCTOBER 2022
ARGENTUM.ORG 21
Number of Jobs Added
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