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San Francisco-Oakland-Fremont, CA

San Francisco-Oakland-Fremont, CA
Q2 2010 - Market Summary

The near-term demand for health care workers in the San Francisco Bay metro area continued to strengthen during the second quarter. Of particular note during the quarter, John Muir Health opened a new $612 million inpatient tower at its Walnut Creek medical center and Seton Medical Center announced the loss of 104 jobs, an addition to the 79 it shed last year.

On a comparative basis, the SF Bay health care labor market remained stronger than much of the rest of the country. Its Q2 LMPI score of 57.8, up 9% from the prior quarter compares favorably with the national composite of 49.9 for the 2nd quarter.


Q2 Workforce Announcements

John Muir Health boasts new $612 million baby. April 18, 2011
 John Muir Health is the proud owner of a new $612 million inpatient tower at its Walnut Creek medical center.
http://www.bizjournals.com/sanfrancisco/blog/2011/04/john-muir-health-boasts-new-612.html

Daly City hospital expects to lose 104 jobs in new cut. April 1, 2011
Seton Medical Center, which shed 78 jobs last year, has filed with the state Employment Development Department to cut 104 more positions by April 12 at the Daly City hospital.
http://www.bizjournals.com/sanfrancisco/print-edition/2011/04/01/daly-city-hospital-expects-to-lose-104.html

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 San Francisco-Oakland-Fremont, 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 San Francisco-Oakland-Fremont, 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 San Francisco-Oakland-Fremont, CA market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,274,531, #13 largest market
  • U.S. Census Bureau Population #159 oldest market
  • U.S. Census Bureau Population Growth 3.7%, #249 fastest growing market


   

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