Cleveland-Elyria-Mentor, OH
Q2 2011 – Market Summary

The near term demand for health care workers in the Cleveland metropolitan area slipped during the second quarter of 2011 after remaining relatively stable over the past several quarters. Of note during the quarter, Cleveland Clinic’s Huron Hospital is losing money and is forced to close. With 850 employees, workers are being recruited as much as possible to nearby facilities.

On a comparative basis, the strength of the Cleveland health care labor market as measured by its Q2 LMPI score dropped to 40.3 from 44.2 the prior quarter, and remained weaker than much of the rest of the country as measured by the LMPI composite index of 49.9 for the quarter.

Q2 Workforce Announcements

Cleveland Clinic closing Huron Hospital. June 6, 2011
The Cleveland Clinic says it must close Huron Hospital, which is bleeding money and is half full many days. Huron has about 850 employees. Clinic officials said that they are actively recruiting those staff members and offering job opportunities at nearby facilities.
http://www.cleveland.com/healthfit/index.ssf/2011/06/cleveland_clinic_closing_huron.html

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 Q2 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 7/7/2011

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 7/7/2011

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 7/7/2011

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