Workers saw their wages and benefits increase by the fastest rate in nearly a decade, a sign that senior living operators are continuing to feel upward wage pressures.
A Bureau of Labor Statistics report found that workers’ pay and benefits spiked by 2.8% between April and June, compared with a year prior.
At the same time, the unemployment rate is near an 18-year low of 4%, which is hampering recruitment efforts. In fact, there are currently more job openings than unemployed workers, according to federal figures.
