NIC

Topics – NIC

NIC

COVID-19 roundup: Stocks up after emergency efforts to buffer pandemic fallout; NIC economist declares recession; senior living chains provide virus updates

U.S. stocks closed higher Thursday after central banks around the world rolled out several emergency measures designed to lessen the economic fallout stemming from the coronavirus pandemic. Between Wednesday and Thursday, the Federal Reserve launched a new lending facility to backstop U.S. money-market mutual funds and extended its currency exchange program with other central banks, and the Bank of England lowered its benchmark interest rate to a record low, according to reports.

NIC chief economist shares 3 places to find more workers

Labor markets are tight, but data from the U.S. Bureau of Labor Statistics suggest a few groups that senior living and care operators might want to court for new workers, National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace said Friday.

Don’t forget older adults outside of nursing homes, coronavirus policymakers told

LeadingAge on Wednesday urged federal policymakers “to address the needs of older adults living in other congregate and community-based settings” in addition to the needs of nursing home residents when making plans to fight the coronavirus known as COVID-19. The statement came as the U.S. death toll from the virus rose to 11 and Congress agreed to a $7.8 billion funding package to fight COVID-19.

McKnight’s 40 for 40: Robert G. Kramer

When people discuss how freely capital now flows in this sector, demographics and a strong economy usually get the credit. Often overlooked is the man perhaps most responsible for opening the spigot.