Transcript of "Boyle County, Kentucky Employment Report: Q4, 2011"
ECONOMIC DEVELOPMENT PARTNERSHIP Boyle County Quarterly Employment Report: Q4, 2011Based upon the confidential quarterly report provided to the Boyle County Industrial Foundation (BCIF),the Danville/Boyle County Economic Development Partnership (EDP) presents to our Partners andcommunity stakeholders the following general employment data for Boyle County for Q4 2011 (October 1 –December 31) with comparisons to the past quarter as well as to the previous three years.INDUSTRIAL EMPLOYMENT: BCIF monitored employment for 18 Boyle County industries thatemploy 25 or more employees. Current and past quarter employment levels are as follows:Q4—2011 Q3—2011 Net Change3,122 3,057 + 65Boyle County’s industrial employment increased in Q4, and continued a growth trend since the end of Q2 onJune 30. Employment spiked at a local distribution center due to order fulfillment for the holiday season.And, positive employment growth was impacted by new hiring as a result of the new Meggitt Aircraft BrakingSystems wheel assembly/distribution center and the planned expansion at Dana Holding Corporation.Comparing the status of Boyle County’s industrial employment as of December 31, 2011, with previousemployment levels in the previous three years (2008 – 2010), Q3 yields the following comparisons:Q4—2011 Q4—2010 Q4—2009 Q4—20083,122 3,348 3,270 3,711Net Changes: - 226 - 148 - 589NON-INDUSTRIAL EMPLOYMENT: The BCIF tracks the self-reported employment of eleven (11)non-industrial employers, in both private and public sectors, with over 100 employees. BCIF tracks healthcare, retail, education, banking, government, and transportation sectors. Two firms did not respond, so theiremployment levels were held constant. Current and past quarter employment levels are as follows:Q4—2011 Q3—2011 Net Change3,851 3,833 +18Non-industrial employment experienced a slight increase in Q4, and continued a steady growth trend sincethe end of Q1 on March 30.TOTAL OVERALL EMPLOYMENT: In light of the above statistics, the total employment numbers forBoyle County in Q4 2011 is as follows:Q4—2011 Q3—2011 Net Change6,973 6,890 +83
Boyle County Employment Report: Q4, 2011Page 2OVERALL LABOR FORCE STATISTICS: For all sectors of the Boyle County economy, the KentuckyOffice of Employment & Training reports the following data for Boyle Countians in the most recentquarters available: Dec ’11 (Q4) Sep ’11 (Q3) ChangeEmployed 11,491 11,397 +94Unemployed 1,317 1,534 - 217Unemployment Rate 10.3% 11.9% - 1.6 %A map of unemployment rates for all Kentucky counties for December 2011 may be viewed at:http://www.workforcekentucky.ky.gov/admin/uploadedPublications/1215_December_11_UR.pdf.An annual comparison of unemployment rates reveals the following: Dec ’11 Dec ‘10 ChangeUnemployment Rate 10.3% 11.8% - 1.5%A map of changes in unemployment rates for all Kentucky counties from December 2010 to December 2011may be viewed at:http://www.workforcekentucky.ky.gov/admin/uploadedPublications/1216_December_10_to_December_11_Change.pdf.Please contact the EDP if you have any questions or have any suggestions about how this quarterly reportcan be more meaningful to you, your organization, or agency.For more information:Jody A. Lassiter, JDPresident/CEODanville/Boyle County Economic Development Partnership(859) email@example.com