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Los Angeles-Long Beach-Santa Ana, CA

Los Angeles-Long Beach-Santa Ana, CA
Q4 2010 - Market Summary


The near term demand for health care workers in the Los Angeles metro area strengthened during Q4. Of note during the quarter was a dramatic drop in emergency room overcrowding at Los Angeles County-University of Southern California Medical Center. The Jacobs Engineering Group also received a $365 million contract from the Los Angeles County Department of Public Works to provide construction management services for the renovation of Martin Luther King Jr. Medical Center, which will include a renovation of the hospital’s inpatient tower, expected to be completed in early 2013.

On a comparative basis the LA health care labor market remained stronger than much of the rest of the state and most major areas across the country. Its Q4 LMPI score of 53.6 was up 15% from the prior quarter and compared favorably to the national composite of 49.8.

Q4 Workforce Announcements



California Hospital News Roundup for the Week. December 3, 2010
Jacobs Engineering Group received a $365 million contract from the Los Angeles County Department of Public Works to provide construction management services for the renovation of Martin Luther King Jr. Medical Center, the Los Angeles Business Journal reports. The project will include a renovation of the hospital’s inpatient tower, which is expected to be completed in early 2013.
http://www.californiahealthline.org/articles/2010/12/3/california-hospital-news-roundup-for-the-week-of-december-3-2010.aspx?topic=hospitals

Dramatic drop in SoCal hospital overcrowding. November 10, 2010
There’s been a dramatic drop in emergency room overcrowding at Los Angeles County-University of Southern California Medical Center. Health department chief network officer Carol Meyer says a new “rapid early medical evaluation” area in the emergency room has also eased treatment delays. Patients now see a doctor or nurse within an hour of arrival.
http://www.mercurynews.com/news/ci_16572749

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 Q4 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 1/5/2011

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

Source: www.census.gov accessed 1/5/2011

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

Source: www.bls.gov accessed 1/5/2011

Additional Factors Influencing HWS Labor Market PulseTM 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


   

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