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Market Condition Snapshot

Posted Jun 02 2009 5:55pm

Summer is fast approaching and we are starting to see some signs of life for a better tomorrow in healthcare staffing. Travel nursing is still soft but we are seeing fresh jobs open but there remains intense competition for every open job amongst travel nurses. Fresh jobs are still closing fast. Most travel nurses have accepted the fact that to get a travel nursing job in today’s market, a complete profile is essential along with a willingness to be flexible on geographic location. We have seen some competitors driven out of the market place. Sadly, a few more will most likely follow in the coming months. Per Diem nursing jobs remain steady. We are seeing ebbs and flows in job orders. Hospitals are continuing with planned expansions and demand is slowly rising. Across both travel and per diem, we are seeing many nurses “doing what they have to do” until the economy turns around and they can resume focus on their own goals, dreams, and aspirations. We have seen many hospitals tightening their belts during this economic downturn and some nurses are reporting that as staff nurses they are being overworked and “burn out” is starting to set in. Many of these nurses are starting to work less and look for a different job. Fortunately, we have not had many reports of nurses leaving the profession. Actually, we are seeing more folks looking into nursing as career…perhaps a silver lining in the grey cloud of the economy.

However, with the recent improvments on Wall Street and the economic data that is getting released, market sentiment is starting to turn positive….perhaps less fearful in what the future holds would be a more accurate statement. So, what does all this have to do with today’s nursing market? In short, the answer is that the healthcare staffing market is getting positioned for improvement. We don’t expect a “V” shaped recovery but we certainly see an uptick towards a slow and steady market improvement. Summer vacations will create job openings. Improved Wall Street market sentiment will convert Americans behaving more normally in their spending habits which will give a shot in the arm to economic recovery. The bottom line: Smile, better days are on the way.

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