Los Angeles-Long Beach-Santa Ana, CA
Q2 2010 - Market Summary

The near-term demand for health care workers in the Los Angeles metropolitan area continued to improve during the 2nd quarter of 2010. Of particular note during the quarter, West Hills Hospital and Medical Center opened a $60 million, state-of-the-art emergency department and critical-care unit, nearly a decade after the project was first proposed. LA County also broke ground on a $20 million public health center that will provide outpatient services in South Los Angeles as part of the larger Martin Luther King, Jr. Medical Center Campus.

Q2 Workforce Announcements

South LA medical center’s ground breaking first of many revitalization projects. June 11, 2010
Los Angeles County officials recently broke ground on a $20 million public health center that will provide outpatient services in South Los Angeles. The new center is slated to offer outpatient care as part of the larger Martin Luther King, Jr. Medical Center Campus. Last year, the county Board of Supervisors approved a $353.8 million plan to reopen the MLK Medical Center. The center is expected to create over 10,000 new jobs in the community, along with the much anticipated new MLK Medical Center, Multi-Service Ambulatory Care Center, and the MTA Rosa Parks Station.
http://www.californiahealthline.org/articles/2010/6/18/california-hospital-news-roundup-for-the-week-of-june-18-2010.aspx
http://scpr.org/news/2010/06/11/south-la-medical-center-ground-breaking-first-many/

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 Los Angeles-Long Beach-Santa Ana, CA 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 Los Angeles-Long Beach-Santa Ana, CA 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 Los Angeles-Long Beach-Santa Ana, CA market.

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

Additional Factors Influencing HWS Labor Market Pulse^TM Index

• U.S. Census Bureau Population 12,872,808, #2 largest market
• U.S. Census Bureau Population #298 oldest market
• U.S. Census Bureau Population Growth 4.1%, #242 fastest growing market