Riverside-San Bernardino-Ontario, CA
Riverside-San Bernardino-Ontario, CA
Q3 2010 - Market Summary
The near term demand for health care workers in the Riverside metropolitan area fell noticeably during Q3. Of particular note, Pomona Valley informed close to 300 of its employees that they will have their hours reduced or be laid off due to declines in patient volume.
On a comparative basis, the Riverside health care labor market weakened notably from the prior quarter and compared to the rest of the country. Its Q3 LMPI score of 34.49 was the lowest of 30 markets tracked by LMPI and compares to the national composite of 50.62.
Q3 Workforce Announcements
Hospital expansion continues in Banning. August 19, 2010
The San Gorgonio Memorial Hospital is in the midst of a $108 million construction project that includes the construction of a central plant, a new emergency department and intensive care unit, re-roofing the hospital, remodeling the kitchen and further down the line, remodeling the offices and building a new loading dock.
http://www.pe.com/localnews/banning/stories/…
Pomona Valley lays off or reduces hours for hospital employees. July 10, 2010
Pomona Valley Hospital Medical Center this week informed close to 300 of its employees they will have their work hours reduced or be laid off in part due to a drop in patients. There will be about 180 layoffs and another roughly 100 workers will have their hours cut.
http://nl.newsbank.com/nojavascript.html
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansions and Closures
No notable education expansion or closure announcements during Q3 2010.
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 Riverside-San Bernardino-Ontario, 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 Riverside-San Bernardino-Ontario, CA market.
Source: www.bls.gov accessed 10/1/2010
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 4,115,871, #14 largest market
- U.S. Census Bureau Population #319 oldest market
- U.S. Census Bureau Population Growth 26.5%, #22 fastest growing market
- Executive Summary
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