This white paper is excerpted from Argentum’s 2023 Forecast Report: Industry Trends in Workforce, Food, and Utilities, which is designed to help providers and industry stakeholders plan on how to manage senior living’s three biggest cost drivers. The report’s analysis of key economic indicators uses information from U.S. federal government sources and projections and analysis through proprietary models. The information contained in this report is based on sources from The Bureau of Labor Statistics, which produces a wide variety of workforce data, including employees, hours and wages, the labor force participation by age cohort, and job openings and employee turnover by industry. It also produces data on wholesale and retail food prices, and consumer spending by age cohort.
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