Orlando-Kissimmee, FL
Q2 2011 - Market Summary

The near-term demand for health care workers in the Orlando metropolitan area dropped off notably during the second quarter. Of note, the Florida Senate’s 2011 proposed budget could cut $1.8 billion from hospitals statewide, including $182.5 million from three Central Florida hospitals, which could delay up to $600 million in planned local hospital construction projects. In other news Florida Hospital’s $90 million at Celebration Hospital was expected to result in 50 new jobs by summer.

Celebration hospital adding 50 jobs. April 22, 2011
Florida Hospital’s $90 million expansion at its Celebration hospital will result in the addition of at least 50 new employees by the summer.
http://www.bizjournals.com/orlando/news/2011/04/22/celebration-hospital-adding-50-jobs.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

Valencia breaks ground on Lake Nona campus. June 16, 2011
Valencia College broke ground on the first building of its new Lake Nona campus on Wednesday. Located in the northeast quadrant of Lake Nona’s “medical city,” the campus will join the University of Central Florida ’s medical school, the Sanford-Burnham Medical Research Institute, Nemours Children’s Hospital and the Orlando VA Medical Center. The new campus will open up opportunities for students to study biomedical and life sciences. The campus will eventually accommodate about 5,000 students.
http://www.bizjournals.com/orlando/news/2011/06/16/valencia-breaks-ground-on-lake-nona.html

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 Orlando-Kissimmee, FL 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 Orlando-Kissimmee, FL market.

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

Additional Factors Influencing HWS Labor Market Pulse^TM Index

• U.S. Census Bureau Population 2,054,574, #27 largest market
• U.S. Census Bureau Population #177 oldest market
• U.S. Census Bureau Population Growth 24.9%, #26 fastest growing market