Pittsburgh, PA
Pittsburgh, PA
Q2 2011- Market Summary
The near-term demand for health care workers in the Pittsburgh metropolitan area remained flat during Q2 with relatively little news. On a comparative basis, the strength of the market remained relatively unchanged from the prior quarter as measured by a Q2 LMPI score of 45.8 vs. 45.7 the prior quarter and just under the national composite of 49.9.
Q2 Workforce Announcements
No notable workforce announcements for Q2 2011.
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansions 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
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 Pittsburgh, PA 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 Pittsburgh, PA market.
Source: www.bls.gov accessed 7/7/2011
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,351,192, #22 largest market
- U.S. Census Bureau Population #17 oldest market
- U.S. Census Bureau Population Growth -3.3%, #346 fastest growing market
- Executive Summary
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