Sacramento-Arden-Arcade-Roseville, CA
Sacramento-Arden-Arcade-Roseville, CA
Q2 2010 - Market Summary
The near-term demand for health care workers in the Sacramento metropolitan area rebounded during the second quarter of 2010, particularly compared to a weak first quarter of the year.
Of note in the Sacramento metro area were the additional layoffs at the Fremont-Rideout Health Group. After 185 layoffs last quarter, the Health Group is laying off an additional 90 nurses. Also of note, Heritage Oaks Hospital opened a new wing at the psychiatric hospital, with an additional 49 beds.
Despite the improvements this quarter, on a comparative basis, the Sacramento metropolitan health care labor market remained slightly weaker than the rest of the country during Q2 2010 with an LMPI score of 48.6, compared to the national composite of 58.6.
Q2 Workforce Announcements
Heritage Oaks opens new psychiatric wing. May 12, 2010
Heritage Oaks Hospital, a private, for-profit psychiatric hospital has opened a new wing with 49 additional beds.
http://sacramento.bizjournals.com/sacramento/stories/2010/...
Sutter, economy cause Fremont-Rideout cuts, consolidation. April 30, 2010
Fremont-Rideout Health Group has laid off 185 non-nursing staff and 90 nurses as it prepares to consolidate most services at Fremont Medical Center in Yuba City to Rideout Memorial in Marysville.
http://sacramento.bizjournals.com/sacramento/stories/2010/...
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansions 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
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 Sacramento-Arden-Arcade-Roseville, 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 Sacramento-Arden-Arcade-Roseville, CA market.
Source: www.bls.gov accessed 6/28/2010
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,109,832, #25 largest market
- U.S. Census Bureau Population #191 oldest market
- U.S. Census Bureau Population Growth 17.4%, #53 fastest growing market
- Executive Summary
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