Cleveland-Elyria-Mentor, OH
Q1 2011 – Market Summary

The near term demand for health care workers in the Cleveland metropolitan area fell during the first quarter as the state abandoned plans to build a new mental health hospital, expected to create 200 new jobs. However, Fairview Hospital is seeking approval to expand their ICU and ED. If approved they would expect work to be completed by 2013.

Q1 Workforce Announcements

State abandons plans for mental health hospital on Euclid Avenue. February 18, 2011
The state is abandoning plans to build a mental health hospital on Euclid Avenue in Cleveland, a building that had been considered a cog in the revitalization of Midtown Cleveland. The decision disappointed city officials, who have already spent millions of dollars on the project and expected to see 200 new jobs.
http://www.cleveland.com/business/index.ssf/2011/02/...

Previous market news

Hospitals & Health Systems

Source: US News & World Report

Education Program Expansion and Closures

No notable education program expansions and closures announced during Q1 2011.

Education Programs

Source: The Integrated Postsecondary Education Data System

Health of the Local Economy

Declining home prices may cause healthcare employees to seek additional hours from current employers, delay retirement plans and be more willing to relocate for a better job opportunities. Below is the Case-Shiller Home Price Index for the overall Cleveland-Elyria-Mentor, OH market.

Source: http://www2.standardandpoors.com accessed 3/29/2011

Lower home ownership rates reduce the impact of home price fluctuations and increase the willingness of healthcare employees to relocate for better job opportunities. Below are home ownership rates for the overall Cleveland-Elyria-Mentor, OH market.

Source: www.census.gov accessed 3/29/2011

The recent rising unemployment rates create new demands for health services. Higher unemployment shifts the mix away from higher margin procedures to more primary care in the emergency room and critical care for conditions that should have been treated early at a primary care physician. In general, rising unemployment also reduces turnover and engagement of employed workers, while low unemployment tends to increase intra market churn. Below are unemployment rates for the overall Cleveland-Elyria-Mentor, OH market.

Source: www.bls.gov accessed 3/29/2011

Additional Factors Influencing HWS Labor Market Pulse^TM Index

• U.S. Census Bureau Population 2,08,291, #26 largest market
• U.S. Census Bureau Population #76 oldest market
• U.S. Census Bureau Population Growth -2.8%, #337 fastest growing market