Los Angeles-Long Beach-Santa Ana, CA
Q2 2011 - Market Summary

The near-term demand for health care workers in the Los Angeles metro area continued to improve during the second quarter. Of note, Children’s Hospital of Los Angeles cut the ribbon on the Marion and John E. Anderson Pavilion, a seven-story, 460,000 square-foot hospital building that will provide 317 additional pediatric care beds, including 120 beds dedicated to intensive care.

Q2 Workforce Announcements

California Hospital News Roundup for the Week of June 24, 2011
The Marion and John E. Anderson Pavilion, held a ribbon cutting ceremony June 23.
The seven-story, 460,000 square-foot hospital building will provide 317 additional pediatric care beds, including 120 beds dedicated to intensive care. The hospital plans to move about 200 patients into the building by July 17.
http://www.californiahealthline.org/articles/2011/6/24/california-hospital-news-roundup-for-the-week-of-june-24-2011.aspx#ixzz1RZaAnPVU

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

Source: www.bls.gov accessed 7/7/2011

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