Portland-Vancouver-Beaverton, OR-WA
Portland-Vancouver-Beaverton, OR
Q4 2010 - Market Summary
The near term demand for health care workers in the Portland metro area improved during the fourth quarter despite relatively little news. Of note, PeaceHealth announced plans to move about 100 jobs from Lane County to Vancouver, WA where the organization is consolidating many of its back office functions.
On a comparative basis, the Portland health care labor market improved slightly as measured by its Q4 LMPI score to 48.2, up 5% from Q3 and inline with the national composite of 48.9.
Q4 Workforce Announcements
Lane Co. PeaceHealth jobs to move. December 16, 2010
PeaceHealth plans to move about 100 jobs from Lane County to Vancouver, Wash., where the hospital operator is consolidating many of its back office functions. The move is being prompted by PeaceHealth’s acquisition of Southwest Washington Medical Center in Vancouver. Employees holding the relocated jobs must now decide whether to stay in Lane County or make the move north.
http://www.bizjournals.com/portland/morning_call/2010/12/lane-co-peacehealth-jobs-to-move.html
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansion and Closures
No notable education program expansion or contraction announcements 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 Portland-Vancouver-Beaverton, OR-WA 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 Portland-Vancouver-Beaverton, OR-WA 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 Portland-Vancouver-Beaverton, OR-WA market.
Source: www.bls.gov accessed 1/5/2011
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,207,462, #23 largest market
- U.S. Census Bureau Population #206 oldest market
- U.S. Census Bureau Population Growth 14.5%, #79 fastest growing market
- Executive Summary
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