Los Angeles-Long Beach-Santa Ana, CA
Q3 2010 - Market Summary

The near term demand for health care workers in the Los Angeles metropolitan area slipped during the third quarter of 2010. Of particular note during a somewhat quiet quarter, Grossman Burn Center reopened in a $3 million, 13,500 square foot facility at the West Hills Hospital and Medical Center.

Q3 Workforce Announcements

Grossman relocating to new facility at West Hills Hospital. August 10, 2010
Grossman Burn Center, which previously was located in Sherman Oaks, reopened in a $3 million, 13,500 square-foot facility at the West Hills Hospital and Medical Center.
The new facility, which was built inside West Hills’ former intensive care unit, has space for 39 beds, including eight private rooms for burn patients. The facility includes Grossman’s national headquarters and will be served by 10 doctors and 34 nurses and staff.
http://www.dailynews.com/ci_15536937?source=rss

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 Q3 2010.

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 Los Angeles-Long Beach-Santa Ana, CA 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 Los Angeles-Long Beach-Santa Ana, CA 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 Los Angeles-Long Beach-Santa Ana, CA market.

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

Additional Factors Influencing HWS Labor Market Pulse^TM Index

• U.S. Census Bureau Population 12,872,808, #2 largest market
• U.S. Census Bureau Population #298 oldest market
• U.S. Census Bureau Population Growth 4.1%, #242 fastest growing market