Dallas-Fort Worth-Arlington, TX
Q3 2010 - Market Summary

The near-term demand for health care workers in the Dallas-Fort Worth metro area slowed during Q3 but remained comparable relative to the rest of the country. Of note during the quarter, Regency Hospital announced it is closing its Carrollton campus, affecting 155 jobs. However, Forest Park doctors are planning to open a new hospital in Frisco, which will add 300 jobs to the market.

Q3 Workforce Announcements

Regency Hospital in Carrollton closing. September 13, 2010
Regency Hospital of North Dallas is shuttering its doors, result of a consolidation that took place after Select Medical purchased Regency hospital locations, leaving 155 jobs in limbo at the Carrollton-based medical facility.
http://dallas.bizjournals.com/dallas/stories/2010/09/13/daily3.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

Texas Medical Residents Forced To Leave The State. September 27, 2010
Texas medical school graduates hoping to find their dream training position increasingly are settling for positions outside the state as medical residency slots in Texas continue to shrink.
http://www.medicalnewstoday.com/articles/202593.php

University of Texas at Arlington accelerated nursing program to become permanent. August 22, 2010
An experimental nursing program that helps students accelerate their studies while they are paired with professionals will be permanently incorporated at the University of Texas at Arlington. The program helps get more student nurses to the finish line quickly as attrition and failure rates remain a concern among educators. Demand for nurses, which has eased with the recession, is expected to increase again in the years ahead.
http://www.star-telegram.com/2010/08/22/2418205/university-of-texas-at-arlington.html

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 Dallas-Fort Worth-Arlington, TX market.

Source: http://www2.standardandpoors.com accessed 10/1/2010

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 Dallas-Fort Worth-Arlington, TX market.

Source: www.census.gov accessed 10/1/2010

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 Dallas-Fort Worth-Arlington, TX market.

Source: www.bls.gov accessed 10/1/2010

Additional Factors Influencing HWS Labor Market Pulse^TM Index

• U.S. Census Bureau Population 6,300,006 #4 largest market
• U.S. Census Bureau Population #304 oldest market
• U.S. Census Bureau Population Growth 22.1%, #32 fastest growing market