ECONOMIC DEVELOPMENT PARTNERSHIPBoyle County Quarterly Employment Census: Q1, 2013Based upon the confidential quarterly re...
Boyle County Quarterly Employment Census: Q1, 2013Page 2Comparing the status of Boyle County’s non-industrial employment a...
Upcoming SlideShare
Loading in …5
×

Boyle County, KY Employment Census: Q1, 2013

1,373 views

Published on

This is the quarterly employment census for an index of employers in Boyle County, Kentucky, compiled by the Boyle County Industrial Foundation and reported by the Danville-Boyle County Economic Development Partnership.

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,373
On SlideShare
0
From Embeds
0
Number of Embeds
651
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Boyle County, KY Employment Census: Q1, 2013

  1. 1. ECONOMIC DEVELOPMENT PARTNERSHIPBoyle County Quarterly Employment Census: Q1, 2013Based upon the confidential quarterly report compiled by the Boyle County IndustrialFoundation (BCIF), the Danville/Boyle County Economic Development Partnership (EDP)presents the following general employment data for an index of representative Boyle Countyemployers for Q1 2013 (January 1 – March 31) with comparisons to past quarters as well as toprevious years.INDUSTRIAL EMPLOYMENT: BCIF monitored employment for 20 Boyle County industriesthat employ 25 or more employees. A distribution center was added to the index due to itsemployment growth now exceeding BCIF’s reporting threshold. Norfolk Southern has been shiftedto the industrial index because it has fallen below the minimum employment threshold (100) in thenon-industrial index. Red Wing’s employment of 0 was carried forward in this index for thepurpose of quarterly comparison, but will be eliminated in the Q2 census. One (1) firm did notreport, so its employment level was held constant. Current and past quarter employment levelswithin the last year are as follows:Q1—2013 Q4—2012 Q3—2012 Q2—20123,206 3,148 3,329 3199Net Change: + 58 - 123 + 7Comparing the status of Boyle County’s industrial employment as of March 31, 2013, with previousemployment levels in the previous five years (2008 – 2012), Q1 yields the following net employmentchanges:Q1—2013 Q1—2012 Q1—2011 Q1—2010 Q1—2009 Q1—20083,206 3,044 3,050 3,056 3,558 3,643Net Changes: + 162 + 156 + 150 - 352 - 437NON-INDUSTRIAL EMPLOYMENT: The BCIF tracks the self-reported employment ofeleven (11) non-industrial employers, in both private and public sectors, with over 100employees. BCIF tracks health care, retail, education, banking, government, and transportationsectors. A large retailer was added to the non-industrial index to replace the removal of NorfolkSouthern. Three (3) firms did not respond or reported no change, so their employment levels wereheld constant. Current and past quarter employment levels within the last year are as follows:Q1—2013 Q4—2012 Q3—2012 Q2—20123,787 3,672 3,869 3,801Net Changes: + 115 - 82 - 14
  2. 2. Boyle County Quarterly Employment Census: Q1, 2013Page 2Comparing the status of Boyle County’s non-industrial employment as of March 31, 2013, withprevious employment levels in three (3) previous years, Q1 yields the following net employmentchanges:Q1—2013 Q1—2012 Q1—2011 Q1—20103,787 3,842 3,806 4,161Net Changes: - 55 - 19 - 374TOTAL OVERALL EMPLOYMENT: In light of the above statistics, total employment forBoyle County in Q1 2013 with previous quarter and a 2-year comparison is as follows:Q1—2013 Q4—2012 Q1—2012 Q1—2011 Q1—20106,993 6,820 6,886 6,856 7,217Net Changes: + 173 + 107 + 137 - 224OVERALL LABOR FORCE STATISTICS: For all sectors of the Boyle County economy, theKentucky Office of Employment & Training reports the following data for Boyle Countians in themost recent quarters available:Mar ’13 Dec ’12 ChangeEmployed 11,195 11,313 - 118Unemployed 1,228 1,169 + 59Unemployment Rate 9.9% 9.4% + 0.5%An annual comparison of unemployment rates reveals the following:Mar ’13 Mar ‘12 ChangeUnemployment Rate 9.9% 9.9% 0.0%Please contact the EDP if you have any questions or have any suggestions about how this quarterlyreport can be more meaningful to you, your organization, or agency.JODY A. LASSITER, JDPresident/CEODanville-Boyle County Economic Development PartnershipBoyle County Industrial Foundation304 South Fourth Street, Suite 201 | Danville, Kentucky 40422Office: (859) 236-2805 | Mobile: (859) 319-8068 | jody@betterindanville.comWebsite | Facebook | Blog | Twitter | LinkedIn | YouTube | Slideshare

×