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ECONOMIC DEVELOPMENT PARTNERSHIP
                                          Boyle County Quarterly Employment Report: Q2, 2012



Based upon the confidential quarterly report provided to the Boyle County Industrial Foundation (BCIF),
the Danville/Boyle County Economic Development Partnership (EDP) presents the following general
employment data for Boyle County for Q2 2012 (April 1 – June 30) with comparisons to the past quarter as
well as to the previous two to four years.

INDUSTRIAL EMPLOYMENT: BCIF monitored employment for 18 Boyle County industries that
employ 25 or more employees. Three (3) firm did not respond, so their employment levels were held
constant. Current and past quarter employment levels are as follows:

Q2—2012                  Q1—2012                  Net Change
3,199                    3,044                    + 155

Employment growth from the new Meggitt Aircraft Braking Systems wheel assembly/distribution center, the
Dana Holding Corporation expansion, and significant re-hiring at three (3) other firms resulted in a strong
increase in jobs for the industrial sector over Q2.

Comparing the status of Boyle County’s industrial employment as of June 30, 2012, with previous
employment levels in the previous four years (2008 – 2011), Q2 yields the following comparisons:

Q2—2012                  Q2—2011         Q2—2010          Q2—2009          Q2—2008
3,199                    3,039           3,208            3,382            3,811
Net Changes:             + 160           -9               - 183            - 612

NON-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 health
care, retail, education, banking, government, and transportation sectors. Two firms did not respond, so their
employment levels were held constant. Current, past quarter, and one-year comparison employment levels
are as follows:

Q2—2012                  Q1—2012                  Q2—2011
3,801                    3,842                    3,818
Net Changes:             - 41                     - 17

Non-industrial employment lagged behind industrial job growth for the quarter, and is roughly flat from one
year ago. Growth in the health care sector was offset by reductions at government and public school entities.

TOTAL OVERALL EMPLOYMENT: In light of the above statistics, total employment for Boyle
County in Q2 2012 with previous quarter and year comparisons is as follows:
Boyle County Employment Report: Q2, 2012
Page 2


Q2—2012                 Q1—2012                 Q2—2011
7000                    6,886                   6,857
Net Changes:            + 114                   + 143

OVERALL LABOR FORCE STATISTICS: For all sectors of the Boyle County economy, the Kentucky
Office of Employment & Training reports the following data for Boyle Countians in the most recent
quarters available:

                                Jun ’12 (Q2)    Mar ’12 (Q1)*           Change
Employed                        11,364          11,038                  + 326
Unemployed                       1,236          1,265                   - 29
Unemployment Rate                9.8%           10.3%                   - 0.5%
                                                (* = adjusted)

An annual comparison of unemployment rates reveals the following:

                                Jun ’12         Jun ‘11                 Change
Unemployment Rate                9.8%           12.2%                   - 2.4%




Please contact the EDP if you have any questions or have any suggestions about how this quarterly report
can be more meaningful to you, your organization, or agency.

For more information:
Jody A. Lassiter, JD
President/CEO
Danville/Boyle County Economic Development Partnership
(859) 236-2805
jody@betterindanville.com

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Boyle County, KY Employment Report: Q2, 2012

  • 1. ECONOMIC DEVELOPMENT PARTNERSHIP Boyle County Quarterly Employment Report: Q2, 2012 Based upon the confidential quarterly report provided to the Boyle County Industrial Foundation (BCIF), the Danville/Boyle County Economic Development Partnership (EDP) presents the following general employment data for Boyle County for Q2 2012 (April 1 – June 30) with comparisons to the past quarter as well as to the previous two to four years. INDUSTRIAL EMPLOYMENT: BCIF monitored employment for 18 Boyle County industries that employ 25 or more employees. Three (3) firm did not respond, so their employment levels were held constant. Current and past quarter employment levels are as follows: Q2—2012 Q1—2012 Net Change 3,199 3,044 + 155 Employment growth from the new Meggitt Aircraft Braking Systems wheel assembly/distribution center, the Dana Holding Corporation expansion, and significant re-hiring at three (3) other firms resulted in a strong increase in jobs for the industrial sector over Q2. Comparing the status of Boyle County’s industrial employment as of June 30, 2012, with previous employment levels in the previous four years (2008 – 2011), Q2 yields the following comparisons: Q2—2012 Q2—2011 Q2—2010 Q2—2009 Q2—2008 3,199 3,039 3,208 3,382 3,811 Net Changes: + 160 -9 - 183 - 612 NON-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 health care, retail, education, banking, government, and transportation sectors. Two firms did not respond, so their employment levels were held constant. Current, past quarter, and one-year comparison employment levels are as follows: Q2—2012 Q1—2012 Q2—2011 3,801 3,842 3,818 Net Changes: - 41 - 17 Non-industrial employment lagged behind industrial job growth for the quarter, and is roughly flat from one year ago. Growth in the health care sector was offset by reductions at government and public school entities. TOTAL OVERALL EMPLOYMENT: In light of the above statistics, total employment for Boyle County in Q2 2012 with previous quarter and year comparisons is as follows:
  • 2. Boyle County Employment Report: Q2, 2012 Page 2 Q2—2012 Q1—2012 Q2—2011 7000 6,886 6,857 Net Changes: + 114 + 143 OVERALL LABOR FORCE STATISTICS: For all sectors of the Boyle County economy, the Kentucky Office of Employment & Training reports the following data for Boyle Countians in the most recent quarters available: Jun ’12 (Q2) Mar ’12 (Q1)* Change Employed 11,364 11,038 + 326 Unemployed 1,236 1,265 - 29 Unemployment Rate 9.8% 10.3% - 0.5% (* = adjusted) An annual comparison of unemployment rates reveals the following: Jun ’12 Jun ‘11 Change Unemployment Rate 9.8% 12.2% - 2.4% Please contact the EDP if you have any questions or have any suggestions about how this quarterly report can be more meaningful to you, your organization, or agency. For more information: Jody A. Lassiter, JD President/CEO Danville/Boyle County Economic Development Partnership (859) 236-2805 jody@betterindanville.com