WORKFORCE DEVELOPMENT
MOST RELATED INDUSTRIES ADDED JOBS IN RECENT QUARTERS
In 4 out of the 5 related industries, employment levels rose in recent quarters. The restaurants and accommodations sector led the way in job growth with a healthy 16.1% employment gain between the first quarters of 2021 and 2022. Despite the solid in- crease, the hospitality sector was still 1.2 million jobs below its pre-pandemic level. Retailers expanded payrolls at a 3.6% rate between the first quarters of 2021 and
2022. It was during this period that employment in the retail sector surpassed the February 2020 pre-pandemic reading. Employment in the home health care sector also returned to pre-pandemic levels,
with payrolls expanding 2.2% between the first quarters of 2021 and 2022. Hospital employment remained essentially flat in recent quarters, as payrolls edged up 0.1% between the first quarters of 2021 and 2022. Employment in the skilled nursing sector continued to decline, with the number of
jobs falling 4.6% between the first quarters of 2021 and 2022. This marked the con- tinuation of a longer-term trend, as 2021 represented the 10th consecutive calendar year of employment losses in the skilled nursing sector.
Trends in Employment: Related Industries
Number of Jobs: 2022: Q1
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
868,900 437,400 431,500
1,338,800 5,126,400 1,533,000 15,651,600 12,692,100
126.6 million
2021: Q1 to 2022: Q1
-3.1% -5.4% -0.7%
-4.6% 0.1%
2.2% 3.6% 16.1%
5.3% Source: Argentum analysis of data from the Bureau of Labor Statistics; figures are not seasonally. 2019 to 2020
-3.6% -4.8% -2.2%
-6.1% -1.0% -1.6% -4.8% -19.6%
-6.3% 2018 to 2019
2.4% 2.0% 2.9%
-0.7% 1.2% 3.5% -1.1% 1.7%
1.5%
22 SENIOR LIVING EXECUTIVE SEPTEMBER/OCTOBER 2022
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