Dallas-Fort Worth-Arlington, TX
Q2 2010 - Market Summary

The near-term demand for health care workers in the Dallas metropolitan area improved during the 2nd quarter of 2010. Of particular note during the quarter, Children’s Medical Center announced plans to build a $21 million pediatric specialty care center in Southlake that will house 54 staff members and physicians by this time next year, and an additional 82 staff within the subsequent 12-18 months.

Q2 Workforce Announcements

Children’s Medical Center expanding to Southlake. April 27, 2010
Children’s Medical Center is building a $21 million pediatric specialty care center in Southlake. The center will have about 54 staff members and physicians when the 34,000-square-foot first phase opens mid-summer 2011. The site is large enough to accommodate future growth, and the facility is scheduled to expand to 82 staff members within the first 12 to 18 months.
http://dallas.bizjournals.com/dallas/stories/2010/04/26/daily13.html

Previous market news

Hospitals and 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 Dallas-Fort Worth-Arlington, TX 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 Dallas-Fort Worth-Arlington, TX 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 Dallas-Fort Worth-Arlington, TX market.

Source: www.bls.gov accessed 6/28/2010

Additional Factors Influencing HWS Labor Market Pulse^TM Index

• U.S. Census Bureau Population 6,300,006 #4 largest market
• U.S. Census Bureau Population #304 oldest market
• U.S. Census Bureau Population Growth 22.1%, #32 fastest growing market