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St. Louis, MO-IL

St. Louis, MO-IL
Q2 2011 - Market Summary

After a strong first quarter, the near-term demand for health care workers in the St. Louis metro area fell back to where it has been for much of the last year during Q2. Of note during the quarter, Kenneth Hall and St. Alexius closed emergency rooms reflecting a national trend. RehabCare also announced plans to lay off 140.

On a comparative basis, the strength of the St. Louis health care labor market as measured by its Q2 LMPI score dropped by 21% during the quarter to 44.8, just under the national composite of 49.9.



Q2 Workforce Announcements

ER at Kenneth Hall Hospital closes today. June 7, 2011
Kenneth Hall Hospital’s emergency room will be closed permanently today, the Belleville News-Democrat reports. The Illinois Hospital Facilities Board approved an application last month to close the hospital in East St. Louis.
http://www.bizjournals.com/stlouis/morning_call/2011/06/er-at-kenneth-hall-hospital-closes-today.html
http://www.bizjournals.com/stlouis/morning_call/2011/05/board-oks-kenneth-hall-hospital-closure.html

ER closing at Forest Park hospital. May 20, 2011
The emergency room at St. Alexius Hospital, formerly Forest Park Hospital , will close today due to lack of demand for the services. St. Alexius’ ER nursing staff at the Forest Park campus will be transferred to positions at the Broadway campus.
http://www.bizjournals.com/stlouis/morning_call/2011/05/er-closing-at-forest-park-hospital.html
http://www.bizjournals.com/stlouis/news/2011/04/18/st-alexius-to-close-er.html

RehabCare to lay off 140. April 4, 2011
RehabCare Group plans to lay off 140 employees. About half of RehabCare’s 350 corporate employees in St. Louis will keep their jobs, while the other half will be offered positions in Louisville or laid off over the next 12 to 18 months
http://www.bizjournals.com/stlouis/news/2011/04/04/rehabcare-to-lay-off-140.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions and Closures

No notable education program expansions or 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 St. Louis, MO-IL 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 St. Louis, MO-IL market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,816,710, #18 largest market
  • U.S. Census Bureau Population #130 oldest market
  • U.S. Census Bureau Population Growth 4.4%, #239 fastest growing market


   

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