Boyle County, Kentucky Employment Report: Q1, 2012


Published on

This is the First Quarter 2012 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.

Published in: Business, Real Estate
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Boyle County, Kentucky Employment Report: Q1, 2012

  1. 1. ECONOMIC DEVELOPMENT PARTNERSHIP Boyle County Quarterly Employment Report: Q1, 2012Based upon the confidential quarterly report provided to the Boyle County Industrial Foundation (BCIF),the Danville/Boyle County Economic Development Partnership (EDP) presents the following generalemployment data for Boyle County for Q1 2012 (January 1 – March 31) with comparisons to the past quarteras well as to the previous three years.INDUSTRIAL EMPLOYMENT: BCIF monitored employment for 18 Boyle County industries thatemploy 25 or more employees. One firm did not respond, so its employment level was held constant.Current and past quarter employment levels are as follows:Q1—2012 Q4—2011 Net Change3,044 3,122 - 78Positive employment growth from the new Meggitt Aircraft Braking Systems wheel assembly/distributioncenter and the Dana Holding Corporation expansion was offset by seasonal reductions at two (2) othercompanies plus a significant layoff at Pioneer Vocational Industrial Services, resulting in a loss from Q4 2011.Comparing the status of Boyle County’s industrial employment as of March 31, 2011, with previousemployment levels in the previous three years (2009 – 2010), Q1 yields the following comparisons:Q1—2012 Q1—2011 Q1—2010 Q1—20093,044 3,050 3,056 3,558Net Changes: -6 - 12 - 514NON-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, past quarter, and one-year comparison employment levelsare as follows:Q1—2012 Q4—2011 Q1—20113,842 3,851 3,806Net Changes: -9 + 36Non-industrial employment was essentially flat from Q4 2011, but slightly up from Q1 2011.TOTAL OVERALL EMPLOYMENT: In light of the above statistics, total employment for BoyleCounty in Q1 2012 with previous quarter and year comparisons is as follows:
  2. 2. Boyle County Employment Report: Q1, 2012Page 2Q1—2012 Q4—2011 Q1—20116,886 6,973 6,856Net Changes: - 87 + 30OVERALL 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: Mar ’12 (Q1) Dec ’11 (Q4)* ChangeEmployed 11,037 11,176 - 139Unemployed 1,270 1,282 - 12Unemployment Rate 10.3% 10.3% 0% (*adjusted)A map of unemployment rates for all Kentucky counties for March 2012 may be viewed annual comparison of unemployment rates reveals the following: Mar ’12 Mar ‘11 ChangeUnemployment Rate 10.3% 11.9% - 1.6%A map of changes in unemployment rates for all Kentucky counties from March 2011 to March 2012 may beviewed 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)