Charlotte-Gastonia-Concord, NC-SC
Charlotte-Gastonia-Concord, NC-SC
Q2 2010 - Market Summary
The near-term demand for health care workers in the Charlotte metropolitan area strengthened during the 2nd quarter of 2010 and the number of workers required to meet announced expansion plans will likely exceed the number of announced positions eliminated or deferred.
Of note, Carolinas HealthCare will open its first pediatric urgent-care facility and Carolinas Medical Center-Lincoln will open a new 101-bed hospital, both later in July.
On a comparative basis, the Charlotte health care market is now stronger than most of the other major metropolitan areas across the country registering an LMPI score of 77.6 for Q2 2010, compared to the national composite index of 58.6, and up 69% from the prior quarter.
Q2 Workforce Announcements
Carolinas HealthCare to open pediatric urgent-care facility. June 18, 2010
Carolinas HealthCare System will start operating its first pediatric urgent-care center next month. The goal is to reduce pressure on the emergency department at Levine Children’s Hospital.
http://charlotte.bizjournals.com/charlotte/stories/2010/06/21/story9.html
CMC-Lincoln sets hospital opening date. June 9, 2010
Carolinas Medical Center-Lincoln will open its new, 101-bed hospital on McAlister Road in Lincolnton on July 10.
http://charlotte.bizjournals.com/charlotte/stories/2010/06/07/daily37.html
Hospitals & Health Systems
Source: US News & World Report
Education Program Expansion and Closures
No notable education program expansions and closures announced during Q2 2010.
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 Charlotte-Gastonia-Concord, NC-SC market.
Source: http://www2.standardandpoors.com accessed 6/28/2010
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 Charlotte-Gastonia-Concord, NC-SC market.
Source: www.census.gov accessed 6/28/2010
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 Charlotte-Gastonia-Concord, NC-SC market.
Source: www.bls.gov accessed 6/28/2010
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 1,701,799, 34th largest market
- U.S Census Bureau Population 228th oldest market
- U.S. Census Bureau Population Growth 27.9%, 16th fastest growing market
- Executive Summary
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