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Data SnapShot Series 1.0
April 2015
DATA SNAPSHOT
Floyd County
Table of contents
Introduction
01
Demography
02
Economy
03
Labor Market
04
Purpose
About Floyd County
01
introduction
4
Purpose
This document provides information
and data about Floyd County that
can be used to guide local decision-
making activities.
The Data SnapShot showcases a variety
of demographic, economic and labor
market information that local leaders,
community organizations and others can
use to gain a better perspective on
current conditions and opportunities in
their county.
To strengthen the value and usability of
the information, we showcase the data
using a variety of visual tools, such as
charts, graphs and tables. In addition, we
offer key points about the data as a way
of assisting the user with the interpretation
of the information presented.
Finally, short takeaway messages are
offered at the end of each section in order
to highlight some of the more salient
findings.
Introduction
section 01
5
About Floyd County
Introduction
section 01
County Background
Established 1819
County
Seat
New Albany
Area 149 sq. mi.
Neighboring
Counties
Clark, IN
Harrison, IN
Jefferson, KY
Washington, IN
Population change
Population pyramids
Race
Ethnicity
Educational attainment
Takeaways
02
demograph
y
7
70,823
74,578
76,244
77,763
Population change
Components of Population Change, 2000-
2013
TotalChange 5,513*
Natural Increase 2,528
International Migration 385
Domestic Migration 3,026
The total population is
projected to increase
by 2 percent between
2013 and 2020.
Demography
Sources: STATSIndiana, U.S. Census Bureau – 2000 Decennial Census, 2010 Decennial Census, 2013 Estimates, Estimates of the Components of Resident Population Change
section 02
The total population in Floyd County increased by 8 percent
between 2000 and 2013. Natural increase (births minus
deaths over that span of time) and domestic migration (the
difference between the number of people moving into the
county versus moving out) were both major contributors to
that expansion.
Natural increase showed a net growth of over 2,500 people,
while domestic in-migration outpaced out-migration by
more than 3,000 people. International migration had a net
increase of almost 400, indicating that the county
experienced an influx of new people from outside the U.S.
Total population
projections
2000 2010 2013 2020
*Estimation residuals are leading to a total change in population that differs from the sum of the components.
8
6.2%
6.7%
6.2%
6.0%
6.8%
7.5%
5.3%
2.5%
1.3%
6.1%
6.7%
6.2%
6.2%
7.1%
7.9%
5.8%
3.1%
2.3%
9 6 3 0 3 6 9
0-9
10-19
20-29
30-39
40-49
50-59
60-69
70-79
80+
Percent of Total PopulationAgeCohort
7.0%
7.4%
5.9%
7.2%
8.0%
5.9%
3.4%
2.4%
1.0%
6.9%
7.2%
6.1%
7.8%
8.4%
6.1%
3.8%
3.5%
2.2%
9 6 3 0 3 6 9
0-9
10-19
20-29
30-39
40-49
50-59
60-69
70-79
80+
Percent of Total Population
AgeCohort
Population pyramids
Population pyramids are visual representations of the age distribution of the population by
gender.
Approximately 51.8 percent of the population was female
in 2000 (36,691) and that percent remained about the
same in 2013.What did change is the distribution of people
across the various age categories.A larger share of people
shifted into the higher age groupings over the 2000 to 2013
time period.
Demography
Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates
section 02
In particular, people 50 and over swelled from 12.7% to 16.6%
for males and from 15.6% to 19.1% for females between 2000
and 2013. Individuals of prime working age (20-49 years old)
took a slight dip from 21.1% to 19.0% for males and from
22.3% to 19.5% for females. Also dropping in percentage
points were people 19 years old and under.
Male Female
20132000
Male Female
9
White
91%
Other
9%
Black
Asian
Native
Two or More
Races
White
94%
Other
6%
Black
Asian
Native
Two or More
Races
Race
The number of non-White residents
in Floyd County increased by 3
percentage points between 2000 and
2013.
Every race experienced a numerical
increase, withWhites expanding the most.
Of the non-White population, Black and
Mixed Descent races gained the most
people, while the number of Asians nearly
doubled.This resulted in the expansion of
the population of Other Races from 6
percent to 9 percent of the total
population between 2000 and 2013.
Demography
Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates
section 02
2000
2013
10
Ethnicity
Hispanics are individuals of any
race whose ancestry is from
Mexico, Puerto Rico, Cuba,
Spain, the Dominican Republic
or any other Spanish-speaking
Central or South American
country.
There were 769 Hispanics residing
in Floyd County in 2000.This figure
expanded to 2,226 by 2013, a 189.5
percent increase.
As a result, Hispanics now make up
3 percent of the overall population,
a significant increase since 2000.
Demography
Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates
section 02
3%
1%
Hispanics - 2000
Hispanics - 2013
11
No High
School, 12%
High School,
35%
Some
College,
23%
Associate's
Degree, 8%
Bachelor's
Degree or
More, 23%
No High
School, 18%
High School,
33%Some
College,
23%
Associate's
Degree, 6%
Bachelor's
Degree or
More, 20%
Educational attainment
Floyd County achieved a 5 percentage
point increase in the number of adults (25
and older) with an associate’s, bachelor’s
or graduate degree
between 2000 to 2013.
The proportion of adults 25 years of age and
older with a high school education or more
improved from 82 percent in
2000 to 88 percent in 2013.
Residents with less than a high school
education fell by 6 percentage points, and
those with some college education stayed
the same between 2000 and 2013.
The number of adults with a college degree
or more increased from 26 percent in 2000 to
31 percent in 2013.This was due to a 2
percentage point increase in associate’s
degrees and a 3 percentage point gain in
those with at least a bachelor's degree.
Demography
Source: U.S. Census Bureau – 2000 Decennial Census and 2013 ACS
section 02
2000
2013
12
Takeaways
The population of Floyd County is expected to
grow over the next few years, and if past trends
hold, that increase will be largely due to two key
factors: natural increase (more births than
deaths) and domestic migration (more people
moving into than out of the county).
While Floyd County’s population has been
growing over the 2000 to 2013 period, it has also
been aging. Despite positive growth in its
population resulting from domestic migration,
the population pyramids show that the
proportion of the population in the 20 to 29, 30 to
39 and 40 to 49 age categories, as well as in the
under 20 age grouping, has been declining.
While the population remains largely white and
non-Hispanic, racial and ethnic diversity has been
slowly increasing in Floyd County.As such,
finding ways to address the needs of and planning
for a diversifying population will be important.The
chances are quite strong that the diversity of the
county is likely to continue.
The educational attainment of adults 25 and over
has improved since 2000, but the number of
residents with only a high school education
continues to be sizable (at 35 percent). Determining
if this could be a barrier to economic growth is a
topic worthy of examination.
Floyd County may want to explore the mix of
services and amenities that will be vital to an
expanding population of people in the older
age groupings. Exploring ways to retain and
attract educated young adults will be
important as well.
Demography
section 02
Establishments
Industries
Occupations
Income and poverty
Takeaways
03
economy
14
Establishments
Components of Change for Establishments
Total Change (2000-11) 3,004
Natural Change (births minus
deaths)
2,867
Net Migration 137
The number of establishments in Floyd
County doubled between 2000 and 2011.
The rapid growth of establishments in the county
was largely due to natural change. As such, 6,258
establishments were launched in the county
between 2000 and 2011 while 3,391 closed, resulting
in a gain of 2,867 establishments. A handful (137
establishments) were linked to gains from net
migration.
Economy
Source: National Establishment Time Series (NETS) – 2012 Database
section 03
An establishment is a
physical business location.
Branches, standalones and
headquarters are all
considered types of
establishments.
Definition of Company
Stages
0 1
2 3
4
Self-
employed
2-9
employees
10-99
employees
100-499
employees
500+
employees
Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. Establishment
information was calculated in-house and may differ slightly from publicly available data.
15
Number of establishments by
stage/employment category
Economy
Source: National Establishment Time Series (NETS) – 2012 Database
section 03
2000 2011
Stage Establishments Proportion Establishments Proportion
Stage 0 674 24% 1,712 29%
Stage 1 1,590 56% 3,517 60%
Stage 2 525 19% 557 10%
Stage 3 36 1% 44 1%
Stage 4 5 0% 4* 0%
Total 2,830 100% 5,834 100%
Note: The 2011 figures use 2012 data to include all gains and losses over the entire year.
The NETS Database is derived from the Dun & Bradstreet archival national establishment data, a population of known establishments in
the United States that is quality controlled and updated annually. Establishments include both private and public sector business units and
range in size from one employee (i.e., sole-proprietors and self-employed) to several thousand employees.
*While NETS only recognizes four Stage 4 establishments, ReferenceUSA indicates that there may have been as many as eight Stage 4 establishments in 2011
16
Number of jobs by stage/employment
category
Economy
Source: National Establishment Time Series (NETS) – 2012 Database
section 03
2000 2011
Stage Jobs* Proportion Jobs* Proportion
Stage 0 674 2% 1,712 4%
Stage 1 6,077 20% 10,457 28%
Stage 2 13,438 44% 14,362 38%
Stage 3 6,209 21% 7,322 20%
Stage 4 3,880 13% 3,468 9%
Total 30,278 100% 37,321 100%
Note: The 2011 figures use 2012 data to include all gains and losses over the entire year.
* Includes both full-time and part-time jobs
17
Amount of sales (2011 dollars) by
stage/employment category
Economy
Source: National Establishment Time Series (NETS) – 2012 Database
section 03
2000 2011
Stage Sales Proportion Sales Proportion
Stage 0 $99,044,387 3% $196,211,601 6%
Stage 1 $785,641,848 22% $865,261,573 25%
Stage 2 $1,476,897,385 42% $1,326,218,549 38%
Stage 3 $839,932,423 24% $826,102,909 23%
Stage 4 $343,781,986 10% $308,865,893 9%
Total $3,545,298,029 100% $3,522,660,525 100%
Note: The 2011 figures use 2012 data to include all gains and losses over the entire year.
18
Government
16.3%
Manufacturing
14.8%
Health Care &
Social Assistance
11.2%
Retail Trade
9.6%
Accommodation &
Food Services
7.5%
All Other
Industries
40.7%
Top five industries in 2013
59.3 percent of jobs are tied to
one of the top five industries in
Floyd County.
Government is the largest industry
sector (6,308 jobs). Accommodation &
Food Services is the smallest of the top
industry sectors with 2,884 jobs.
Of the top five industries in Floyd
County, Accommodation & Food
Services (+49.9 percent), Health Care &
SocialAssistance (+36.7 percent), and
Government (+15.6 percent), gained jobs
between 2002 and 2013. Conversely,
Manufacturing (-9.9 percent) and Retail
Trade (-9.3 percent) lost jobs over the
same time period.
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors
section 03
19
Industry distribution and change
NAICS
Code
Description
Jobs
2002
Jobs
2013
Change
(2002-2013)
% Change
(2002-2013)
Ave.
Earnings
2013
11 Agriculture, Forestry, Fishing & Hunting 318 270 -48 -15% $11,931
21 Mining, Quarrying, & Oil & Gas Extraction 38 28 -10 -26% $37,754
22 Utilities 140 82 -58 -41% $116,626
23 Construction 2,770 2,404 -366 -13% $47,698
31-33 Manufacturing 6,349 5,720 -629 -10% $58,330
42 Wholesale Trade 762 671 -91 -12% $52,438
44-45 Retail Trade 4,104 3,721 -383 -9% $26,122
48-49 Transportation & Warehousing 550 609 59 11% $43,085
51 Information 353 300 -53 -15% $45,002
52 Finance & Insurance 1,400 1,559 159 11% $77,129
53 Real Estate & Rental & Leasing 1,281 1,684 403 31% $25,798
54 Professional, Scientific & Technical Services 1,654 1,918 264 16% $45,412
55 Management of Companies and Enterprises 152 193 41 27% $73,623
56 Administrative & Waste Management 1,570 2,404 834 53% $27,373
61 Educational Services (Private) 259 500 241 93% $25,279
62 Health Care & Social Assistance 3,157 4,315 1,158 37% $39,005
71 Arts, Entertainment & Recreation 593 645 52 9% $13,497
72 Accommodation and Food Services 1,924 2,884 960 50% $15,978
81 Other Services (except Public Administration) 2,172 2,473 301 14% $23,260
90 Government 5,458 6,308 850 16% $52,330
99 Unclassified Industry <10 0 -<10 -100% $0
All Total 35,006 38,686 3,680 11% $41,091
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors
section 03
20
Industry distribution and change
The largest percentage gains in
employment in Floyd County
occurred in:
 Educational Services, private (+93.1
percent)
 Administrative and Support and
Waste Management and
Remediation (+53.1 percent)
The largest percentage losses in
employment occurred in:
 Utilities (-41.4 percent)
 Mining,Quarrying, andOil and Gas
Extraction (-26.3 percent)
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors
section 03
Employment Increase Employment Decrease
Industries with the largest gains and losses
in employment numbers between 2002 &
2013:
HealthCare & Social
Assistance
(+1,158)
Accommodation &
Food Services (+960)
Manufacturing
(-629)
RetailTrade
(-383)
Construction
(-366)
21
Sales & Related
13.7%
Office &
Administrative
Support
11.6%
Production
8.8%
Food Preparation
& Serving Related
8.3%
Healthcare
Practitioners &
Technical
6.6%
All Other
Occupations
51.0%
Top five occupations in 2013
The top five occupations in Floyd
County represent 49.0 percent of
all jobs.
Sales & Related (5,312 jobs) and Office &
Administrative Support (4,488 jobs) are
the top two occupations in Floyd County.
Healthcare Practitioners &Technical
occupations is the smallest of the top five
occupations with 2,540 jobs.
All five top occupations in Floyd County,
except Production (-11.9 percent), had an
increase in jobs between 2002 and 2013.
However, Healthcare Practitioners &
Technical occupations gained the most
(+42.6 percent), followed by Food
Preparation & Serving Related (+41.1
percent) occupations.
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors
section 03
22
SOC Description
Jobs
2002
Jobs
2013
Change
(2002-2013)
% Change
(2002-2013)
Hourly
Earnings 2013
11 Management 2,013 2,192 179 9% $32.11
13 Business & Financial Operations 1,376 1,500 124 9% $30.31
15 Computer & Mathematical 442 481 39 9% $31.55
17 Architecture & Engineering 465 456 -9 -2% $34.72
19 Life, Physical & Social Science 154 194 40 26% $29.80
21 Community & Social Service 427 408 -19 -4% $21.99
23 Legal 212 207 -5 -2% $33.38
25 Education, Training & Library 2,028 2,278 250 12% $26.39
27 Arts, Design, Entertainment, Sports & Media 1,036 1,149 113 11% $15.62
29 Health Care Practitioners & Technical 1,781 2,540 759 43% $32.50
31 Health Care Support 1,002 1,464 462 46% $12.75
33 Protective Service 468 558 90 19% $20.11
35 Food Preparation & Serving Related 2,278 3,214 936 41% $9.87
37 Building & Grounds Cleaning Maintenance 1,134 1,384 250 22% $11.22
39 Personal Care & Service 1,309 1,822 513 39% $10.24
41 Sales & Related 4,756 5,312 556 12% $15.90
43 Office & Administrative Support 4,368 4,488 120 3% $16.58
45 Farming, Fishing & Forestry 52 36 -16 -31% $11.51
47 Construction & Extraction 2,254 2,036 -218 -10% $19.68
49 Installation, Maintenance & Repair 1,220 1,194 -26 -2% $21.07
51 Production 3,866 3,405 -461 -12% $18.36
53 Transportation & Material Moving 1,941 1,902 -39 -2% $16.66
55 Military 236 243 7 3% $19.10
99 Unclassified 186 221 35 19% $11.64
All Total 35,006 38,686 3,680 11% $19.41
Occupation distribution and change
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors
section 03
23
Occupation distribution and change
Economy
Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors
section 03
The largest percentage gains in
employment in Floyd County
occurred in:
 Healthcare Support (+46.1 percent)
 Healthcare Practitioners &Technical
(+42.6 percent)
 Food Preparation and Serving Related
(+41.1 percent)
The largest percentage losses in
employment occurred in:
 Farming, Fishing, and Forestry
(-30.8 percent)
 Production (-11.9 percent)
Occupations with the largest gains and
losses in employment numbers between
2002 & 2013:
Food Preparation &
Serving Related
(+936)
Healthcare
Practitioners
(+759)
Production
(-461)
Construction
(-218)
Employment Increase Employment Decrease
24
Income and poverty
2000 2006 2013
Total Population in
Poverty
8.0% 10.4% 13.1%
Minors (up to age 17) in
Poverty
11.2% 14.9% 17.7%
Real Median Income
(2013)
$58,671 $57,938 $55,844
The median income in Floyd
County dipped by $2,800
between 2000 and 2013 in real
dollars (that is, adjusted for
inflation).
Both the percent of the total
population in poverty and the
proportion of minors in poverty
were approximately 1.6 times
higher in 2013 than they were in
2000.
Economy
Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE)
section 03
25
0
5
10
15
20
25
50,000
52,000
54,000
56,000
58,000
60,000
PopulationinPoverty(percent)
RealMedianIncome(2013dollars)
Median Income
Minors in Poverty
All Ages in Poverty
Income and poverty
Median income in Floyd County has experienced significant fluctuation over time, generally
decreasing since 2000 and increasing since 2010. Poverty rates have stabilized over the past
three years, although the rates remain high relative to the early 2000s.
Economy
Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE)
section 03
26
Takeaways
Growth in the number of establishments
in Floyd County occurred in all business
stages, with the exception of those
employing 500 people or more (Stage 4
establishments).Yet, the most substantial
numeric growth occurred among
establishments with fewer than 10
employees (the Stage 0 and Stage 1
enterprises). These components of the local
economy are often overlooked but deserve
closer attention by local leaders.
In light of the rapid growth of small-sized
establishments (those under 10 employees) and
people who are self-employed, policies and
programs that help strengthen the survival of
these businesses may make sense. Of course,
focusing on high-growth Stage 2 firms may be
worthy of consideration as well in light of the
number of people they employ and the sizable sales
they capture. Healthcare and Food industries are
employment growth areas for Floyd County, while
Construction, Utilities, and Manufacturing represent
industries and occupations that have suffered job
losses.
The falling median income since 2000 could be
attributed to a variety of factors. One could be the
significant decline in jobs tied to industries (such as
Manufacturing) that provided higher annual earnings
wages on average than is the case for some industries
that appear to be adding the greatest number of new
jobs (such asAccommodation and Food Services or
Administrative andWaste Management).
Because real median income has decreased and
poverty has jumped by 60 percent in Floyd County
since 2000, services targeted to poverty-stricken
individuals and households should be considered.This
is especially an issue for the expanding number of
children in poverty.
Economy
section 03* Includes both full-time and part-time jobs
Labor force and
unemployment
Commuteshed
Laborshed
Takeaways
04
labor
market
28
Labor force and unemployment
2002 2013
Labor Force 37,597 37,449
Unemployment
Rate
4.8% 6.9%
The labor force in Floyd County stayed
the same between 2002 and 2013.
The concurrent increase in the
unemployment rate is likely due to a rise in
the number of individuals who are either
officially unemployed or who have given up
looking for a job.
Labor market
Source: U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics
section 04
29
3.3%
5.1%
4.2%
8.7%
6.9%
0.0
2.0
4.0
6.0
8.0
10.0
UnemploymentRate(percent)
Unemployment rate
Unemployment increased dramatically after 2007, peaking at 8.7 percent in 2010. Since that
time, the rate has been on a slow but steady decline, dipping to 6.9 percent by 2013.
Labor market
Source: U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics
section 04
30
Commuteshed
A county’s commuteshed is the
geographic area to which its resident
labor force travels to work.
Sixty-nine percent of employed residents in
Floyd County commute to jobs located
outside of the county. Jefferson County,
Kentucky, part of the Louisville metropolitan
area, is the biggest destination for residents
who work outside of Floyd County.
Fifty-six percent of out-commuters work in
counties adjacent to Floyd County.
However, the third largest work destination
outside Floyd County is the Indianapolis
metropolitan area (Marion County), while
the fifth largest is the Bloomington
metropolitan area (Monroe County).
Labor market
Source: U.S. Census Bureau – Longitudinal Employer-Household Dynamics (LEHD)
section 04
23,887
Out-Commuters
10,608
Same
Work/Home
Commuters Proportion
Jefferson, KY 11,818 34.3%
Clark, IN 6,258 18.1%
Marion, IN 1,059 3.1%
Harrison, IN 953 2.8%
Monroe, IN 321 0.9%
31
Commuteshed in 2011
Labor market
section 04
Source: U.S. Census Bureau, OTM, LEHD, PCRD
Seventy-five percent of Floyd
County’s working residents are
employed either in Floyd County,
Indiana or Jefferson County,
Kentucky. Another 10 percent
commute to Clark County. An
additional 5 percent travel to jobs
in Harrison, Marion or Monroe
Counties.
Collectively, these six counties
represent 90 percent of the
commuteshed for Floyd County.
Note: Because Jefferson, Floyd, and Clark counties are work destinations for large proportions of the labor force living in
Floyd County, there are no counties in the 80% commuteshed region. The classification is included for consistency
32
Laborshed
Commuters Proportion
Clark, IN 5,925 20.3%
Jefferson, KY 2,907 10.0%
Harrison, IN 2,525 8.6%
Washington, IN 1,190 4.1%
Marion, IN 550 1.9%
Labor market
Source: U.S. Census Bureau – Longitudinal Employer-Household Dynamics (LEHD)
section 04
18,596
In-Commuters
10,608
Same Work/Home
A county’s laborshed is the
geographic area from which it draws
employees.
Sixty-four percent of individuals
working in Floyd County commute
from another county.
Forty-three percent of in-
commuters reside in counties
adjacent to Floyd County. Clark
County, Indiana, is the biggest
source of laborers outside of Floyd
County; however, the Indianapolis
metropolitan area (Marion County)
is the fifth largest source.
33
Laborshed in 2011
Labor market
section 04
Source: U.S. Census Bureau, OTM, LEHD, PCRD
The bulk (75 percent) of Floyd
County’s workforce is drawn from
Floyd, Harrison and Clark Counties
in Indiana or Jefferson County,
Kentucky. Another 5 percent is
drawn from Washington County,
Indiana. An additional 5 percent
comes from Crawford, Marion and
Scott Counties in Indiana and Bullitt
County in Kentucky.
Combined, the nine counties
represent 85 percent of Floyd
County’s laborshed.
Note: Because there are 10 counties in the 90% LaborshedRegion, they are excluded from the map for readability
purposes.
34
Takeaways
Floyd County’s unemployment rate experienced
steady increases after 2002, peaking at 8.7 percent
in 2010.The majority of the increase occurred
during the period of the Great Recession
(approximately 2008 to 2010).The good news is
that the rate has been on a steady decline since
2010.
Despite population increases, the size of the
county’s labor force has remained the same since
2002.This may be the result of the fact that more
people in the county are reaching retirement and,
thus, opting to leave the workforce. Other
possible factors include a rise in the number of
workers unable to find work, or an uptick in the
number of people who have given up looking for a
job.
Floyd County exports a sizable proportion of their
labor force to surrounding counties, especially to
the larger metropolitan area of Louisville/Jefferson
County, Kentucky. Specifically, nearly 24,000
residents of Floyd County commute to jobs located
elsewhere.
It may be worthwhile for Floyd County leaders to
assess the human capital attributes of workers who
commute to jobs outside the county. If it is losing
highly skilled and well-educated workers to
Louisville or other places outside Floyd County,
finding ways to reduce the leakage of these
talented workers may be a strategy worth pursuing.
Another strategy may be to join forces with
surrounding counties to work in a cohesive way on a
regional blueprint.
In light of the laborshed and commuteshed
data highlighted in this report, there may be
value in pursuing economic and workforce
development efforts on a regional (multi-
county) basis.
Labor market
section 04
35
.
Report Contributors
This report was prepared by the Purdue Center for Regional Development in partnership with
Purdue University Extension.
Data Analysis
Indraneel Kumar, Ph.D.
Ayoung Kim
Report Authors
Elizabeth Dobis
Bo Beaulieu, Ph.D.
Report Design
Tyler Wright
It is the policy of the Purdue University Cooperative Extension Service that all persons have equal opportunity and access to its
educational programs, services, activities, and facilities without regard to race, religion, color, sex, age, national origin or ancestry,
marital status, parental status, sexual orientation, disability or status as a veteran. Purdue University is an Affirmative Action institution.
This material may be available in alternative formats.
FOR MORE
INFORMATION
Purdue Center for Regional Development
(PCRD) . . .
seeks to pioneer new ideas and strategies that contribute
to regional collaboration, innovation and prosperity.
Purdue Extension Community Development
(CD) . . .
works to strengthen the capacity of local leaders, residents
and organizations to work together to develop and sustain
strong, vibrant communities.
Please contact
Gina Anderson
County ExtensionCommunity
Development Educator
812-948-5470
gmanders@purdue.edu
OR

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Floyd County Data Snapshot Reveals Population and Economic Growth

  • 1. Data SnapShot Series 1.0 April 2015 DATA SNAPSHOT Floyd County
  • 4. 4 Purpose This document provides information and data about Floyd County that can be used to guide local decision- making activities. The Data SnapShot showcases a variety of demographic, economic and labor market information that local leaders, community organizations and others can use to gain a better perspective on current conditions and opportunities in their county. To strengthen the value and usability of the information, we showcase the data using a variety of visual tools, such as charts, graphs and tables. In addition, we offer key points about the data as a way of assisting the user with the interpretation of the information presented. Finally, short takeaway messages are offered at the end of each section in order to highlight some of the more salient findings. Introduction section 01
  • 5. 5 About Floyd County Introduction section 01 County Background Established 1819 County Seat New Albany Area 149 sq. mi. Neighboring Counties Clark, IN Harrison, IN Jefferson, KY Washington, IN
  • 7. 7 70,823 74,578 76,244 77,763 Population change Components of Population Change, 2000- 2013 TotalChange 5,513* Natural Increase 2,528 International Migration 385 Domestic Migration 3,026 The total population is projected to increase by 2 percent between 2013 and 2020. Demography Sources: STATSIndiana, U.S. Census Bureau – 2000 Decennial Census, 2010 Decennial Census, 2013 Estimates, Estimates of the Components of Resident Population Change section 02 The total population in Floyd County increased by 8 percent between 2000 and 2013. Natural increase (births minus deaths over that span of time) and domestic migration (the difference between the number of people moving into the county versus moving out) were both major contributors to that expansion. Natural increase showed a net growth of over 2,500 people, while domestic in-migration outpaced out-migration by more than 3,000 people. International migration had a net increase of almost 400, indicating that the county experienced an influx of new people from outside the U.S. Total population projections 2000 2010 2013 2020 *Estimation residuals are leading to a total change in population that differs from the sum of the components.
  • 8. 8 6.2% 6.7% 6.2% 6.0% 6.8% 7.5% 5.3% 2.5% 1.3% 6.1% 6.7% 6.2% 6.2% 7.1% 7.9% 5.8% 3.1% 2.3% 9 6 3 0 3 6 9 0-9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+ Percent of Total PopulationAgeCohort 7.0% 7.4% 5.9% 7.2% 8.0% 5.9% 3.4% 2.4% 1.0% 6.9% 7.2% 6.1% 7.8% 8.4% 6.1% 3.8% 3.5% 2.2% 9 6 3 0 3 6 9 0-9 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80+ Percent of Total Population AgeCohort Population pyramids Population pyramids are visual representations of the age distribution of the population by gender. Approximately 51.8 percent of the population was female in 2000 (36,691) and that percent remained about the same in 2013.What did change is the distribution of people across the various age categories.A larger share of people shifted into the higher age groupings over the 2000 to 2013 time period. Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates section 02 In particular, people 50 and over swelled from 12.7% to 16.6% for males and from 15.6% to 19.1% for females between 2000 and 2013. Individuals of prime working age (20-49 years old) took a slight dip from 21.1% to 19.0% for males and from 22.3% to 19.5% for females. Also dropping in percentage points were people 19 years old and under. Male Female 20132000 Male Female
  • 9. 9 White 91% Other 9% Black Asian Native Two or More Races White 94% Other 6% Black Asian Native Two or More Races Race The number of non-White residents in Floyd County increased by 3 percentage points between 2000 and 2013. Every race experienced a numerical increase, withWhites expanding the most. Of the non-White population, Black and Mixed Descent races gained the most people, while the number of Asians nearly doubled.This resulted in the expansion of the population of Other Races from 6 percent to 9 percent of the total population between 2000 and 2013. Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates section 02 2000 2013
  • 10. 10 Ethnicity Hispanics are individuals of any race whose ancestry is from Mexico, Puerto Rico, Cuba, Spain, the Dominican Republic or any other Spanish-speaking Central or South American country. There were 769 Hispanics residing in Floyd County in 2000.This figure expanded to 2,226 by 2013, a 189.5 percent increase. As a result, Hispanics now make up 3 percent of the overall population, a significant increase since 2000. Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 Annual Population Estimates section 02 3% 1% Hispanics - 2000 Hispanics - 2013
  • 11. 11 No High School, 12% High School, 35% Some College, 23% Associate's Degree, 8% Bachelor's Degree or More, 23% No High School, 18% High School, 33%Some College, 23% Associate's Degree, 6% Bachelor's Degree or More, 20% Educational attainment Floyd County achieved a 5 percentage point increase in the number of adults (25 and older) with an associate’s, bachelor’s or graduate degree between 2000 to 2013. The proportion of adults 25 years of age and older with a high school education or more improved from 82 percent in 2000 to 88 percent in 2013. Residents with less than a high school education fell by 6 percentage points, and those with some college education stayed the same between 2000 and 2013. The number of adults with a college degree or more increased from 26 percent in 2000 to 31 percent in 2013.This was due to a 2 percentage point increase in associate’s degrees and a 3 percentage point gain in those with at least a bachelor's degree. Demography Source: U.S. Census Bureau – 2000 Decennial Census and 2013 ACS section 02 2000 2013
  • 12. 12 Takeaways The population of Floyd County is expected to grow over the next few years, and if past trends hold, that increase will be largely due to two key factors: natural increase (more births than deaths) and domestic migration (more people moving into than out of the county). While Floyd County’s population has been growing over the 2000 to 2013 period, it has also been aging. Despite positive growth in its population resulting from domestic migration, the population pyramids show that the proportion of the population in the 20 to 29, 30 to 39 and 40 to 49 age categories, as well as in the under 20 age grouping, has been declining. While the population remains largely white and non-Hispanic, racial and ethnic diversity has been slowly increasing in Floyd County.As such, finding ways to address the needs of and planning for a diversifying population will be important.The chances are quite strong that the diversity of the county is likely to continue. The educational attainment of adults 25 and over has improved since 2000, but the number of residents with only a high school education continues to be sizable (at 35 percent). Determining if this could be a barrier to economic growth is a topic worthy of examination. Floyd County may want to explore the mix of services and amenities that will be vital to an expanding population of people in the older age groupings. Exploring ways to retain and attract educated young adults will be important as well. Demography section 02
  • 14. 14 Establishments Components of Change for Establishments Total Change (2000-11) 3,004 Natural Change (births minus deaths) 2,867 Net Migration 137 The number of establishments in Floyd County doubled between 2000 and 2011. The rapid growth of establishments in the county was largely due to natural change. As such, 6,258 establishments were launched in the county between 2000 and 2011 while 3,391 closed, resulting in a gain of 2,867 establishments. A handful (137 establishments) were linked to gains from net migration. Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 An establishment is a physical business location. Branches, standalones and headquarters are all considered types of establishments. Definition of Company Stages 0 1 2 3 4 Self- employed 2-9 employees 10-99 employees 100-499 employees 500+ employees Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. Establishment information was calculated in-house and may differ slightly from publicly available data.
  • 15. 15 Number of establishments by stage/employment category Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 2000 2011 Stage Establishments Proportion Establishments Proportion Stage 0 674 24% 1,712 29% Stage 1 1,590 56% 3,517 60% Stage 2 525 19% 557 10% Stage 3 36 1% 44 1% Stage 4 5 0% 4* 0% Total 2,830 100% 5,834 100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. The NETS Database is derived from the Dun & Bradstreet archival national establishment data, a population of known establishments in the United States that is quality controlled and updated annually. Establishments include both private and public sector business units and range in size from one employee (i.e., sole-proprietors and self-employed) to several thousand employees. *While NETS only recognizes four Stage 4 establishments, ReferenceUSA indicates that there may have been as many as eight Stage 4 establishments in 2011
  • 16. 16 Number of jobs by stage/employment category Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 2000 2011 Stage Jobs* Proportion Jobs* Proportion Stage 0 674 2% 1,712 4% Stage 1 6,077 20% 10,457 28% Stage 2 13,438 44% 14,362 38% Stage 3 6,209 21% 7,322 20% Stage 4 3,880 13% 3,468 9% Total 30,278 100% 37,321 100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year. * Includes both full-time and part-time jobs
  • 17. 17 Amount of sales (2011 dollars) by stage/employment category Economy Source: National Establishment Time Series (NETS) – 2012 Database section 03 2000 2011 Stage Sales Proportion Sales Proportion Stage 0 $99,044,387 3% $196,211,601 6% Stage 1 $785,641,848 22% $865,261,573 25% Stage 2 $1,476,897,385 42% $1,326,218,549 38% Stage 3 $839,932,423 24% $826,102,909 23% Stage 4 $343,781,986 10% $308,865,893 9% Total $3,545,298,029 100% $3,522,660,525 100% Note: The 2011 figures use 2012 data to include all gains and losses over the entire year.
  • 18. 18 Government 16.3% Manufacturing 14.8% Health Care & Social Assistance 11.2% Retail Trade 9.6% Accommodation & Food Services 7.5% All Other Industries 40.7% Top five industries in 2013 59.3 percent of jobs are tied to one of the top five industries in Floyd County. Government is the largest industry sector (6,308 jobs). Accommodation & Food Services is the smallest of the top industry sectors with 2,884 jobs. Of the top five industries in Floyd County, Accommodation & Food Services (+49.9 percent), Health Care & SocialAssistance (+36.7 percent), and Government (+15.6 percent), gained jobs between 2002 and 2013. Conversely, Manufacturing (-9.9 percent) and Retail Trade (-9.3 percent) lost jobs over the same time period. Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  • 19. 19 Industry distribution and change NAICS Code Description Jobs 2002 Jobs 2013 Change (2002-2013) % Change (2002-2013) Ave. Earnings 2013 11 Agriculture, Forestry, Fishing & Hunting 318 270 -48 -15% $11,931 21 Mining, Quarrying, & Oil & Gas Extraction 38 28 -10 -26% $37,754 22 Utilities 140 82 -58 -41% $116,626 23 Construction 2,770 2,404 -366 -13% $47,698 31-33 Manufacturing 6,349 5,720 -629 -10% $58,330 42 Wholesale Trade 762 671 -91 -12% $52,438 44-45 Retail Trade 4,104 3,721 -383 -9% $26,122 48-49 Transportation & Warehousing 550 609 59 11% $43,085 51 Information 353 300 -53 -15% $45,002 52 Finance & Insurance 1,400 1,559 159 11% $77,129 53 Real Estate & Rental & Leasing 1,281 1,684 403 31% $25,798 54 Professional, Scientific & Technical Services 1,654 1,918 264 16% $45,412 55 Management of Companies and Enterprises 152 193 41 27% $73,623 56 Administrative & Waste Management 1,570 2,404 834 53% $27,373 61 Educational Services (Private) 259 500 241 93% $25,279 62 Health Care & Social Assistance 3,157 4,315 1,158 37% $39,005 71 Arts, Entertainment & Recreation 593 645 52 9% $13,497 72 Accommodation and Food Services 1,924 2,884 960 50% $15,978 81 Other Services (except Public Administration) 2,172 2,473 301 14% $23,260 90 Government 5,458 6,308 850 16% $52,330 99 Unclassified Industry <10 0 -<10 -100% $0 All Total 35,006 38,686 3,680 11% $41,091 Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  • 20. 20 Industry distribution and change The largest percentage gains in employment in Floyd County occurred in:  Educational Services, private (+93.1 percent)  Administrative and Support and Waste Management and Remediation (+53.1 percent) The largest percentage losses in employment occurred in:  Utilities (-41.4 percent)  Mining,Quarrying, andOil and Gas Extraction (-26.3 percent) Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03 Employment Increase Employment Decrease Industries with the largest gains and losses in employment numbers between 2002 & 2013: HealthCare & Social Assistance (+1,158) Accommodation & Food Services (+960) Manufacturing (-629) RetailTrade (-383) Construction (-366)
  • 21. 21 Sales & Related 13.7% Office & Administrative Support 11.6% Production 8.8% Food Preparation & Serving Related 8.3% Healthcare Practitioners & Technical 6.6% All Other Occupations 51.0% Top five occupations in 2013 The top five occupations in Floyd County represent 49.0 percent of all jobs. Sales & Related (5,312 jobs) and Office & Administrative Support (4,488 jobs) are the top two occupations in Floyd County. Healthcare Practitioners &Technical occupations is the smallest of the top five occupations with 2,540 jobs. All five top occupations in Floyd County, except Production (-11.9 percent), had an increase in jobs between 2002 and 2013. However, Healthcare Practitioners & Technical occupations gained the most (+42.6 percent), followed by Food Preparation & Serving Related (+41.1 percent) occupations. Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  • 22. 22 SOC Description Jobs 2002 Jobs 2013 Change (2002-2013) % Change (2002-2013) Hourly Earnings 2013 11 Management 2,013 2,192 179 9% $32.11 13 Business & Financial Operations 1,376 1,500 124 9% $30.31 15 Computer & Mathematical 442 481 39 9% $31.55 17 Architecture & Engineering 465 456 -9 -2% $34.72 19 Life, Physical & Social Science 154 194 40 26% $29.80 21 Community & Social Service 427 408 -19 -4% $21.99 23 Legal 212 207 -5 -2% $33.38 25 Education, Training & Library 2,028 2,278 250 12% $26.39 27 Arts, Design, Entertainment, Sports & Media 1,036 1,149 113 11% $15.62 29 Health Care Practitioners & Technical 1,781 2,540 759 43% $32.50 31 Health Care Support 1,002 1,464 462 46% $12.75 33 Protective Service 468 558 90 19% $20.11 35 Food Preparation & Serving Related 2,278 3,214 936 41% $9.87 37 Building & Grounds Cleaning Maintenance 1,134 1,384 250 22% $11.22 39 Personal Care & Service 1,309 1,822 513 39% $10.24 41 Sales & Related 4,756 5,312 556 12% $15.90 43 Office & Administrative Support 4,368 4,488 120 3% $16.58 45 Farming, Fishing & Forestry 52 36 -16 -31% $11.51 47 Construction & Extraction 2,254 2,036 -218 -10% $19.68 49 Installation, Maintenance & Repair 1,220 1,194 -26 -2% $21.07 51 Production 3,866 3,405 -461 -12% $18.36 53 Transportation & Material Moving 1,941 1,902 -39 -2% $16.66 55 Military 236 243 7 3% $19.10 99 Unclassified 186 221 35 19% $11.64 All Total 35,006 38,686 3,680 11% $19.41 Occupation distribution and change Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03
  • 23. 23 Occupation distribution and change Economy Source: Economic Modeling Specialists International (EMSI) – 2014.3 – QCEW Employees, Non-QCEW Employees, Self-Employed, and Extended Proprietors section 03 The largest percentage gains in employment in Floyd County occurred in:  Healthcare Support (+46.1 percent)  Healthcare Practitioners &Technical (+42.6 percent)  Food Preparation and Serving Related (+41.1 percent) The largest percentage losses in employment occurred in:  Farming, Fishing, and Forestry (-30.8 percent)  Production (-11.9 percent) Occupations with the largest gains and losses in employment numbers between 2002 & 2013: Food Preparation & Serving Related (+936) Healthcare Practitioners (+759) Production (-461) Construction (-218) Employment Increase Employment Decrease
  • 24. 24 Income and poverty 2000 2006 2013 Total Population in Poverty 8.0% 10.4% 13.1% Minors (up to age 17) in Poverty 11.2% 14.9% 17.7% Real Median Income (2013) $58,671 $57,938 $55,844 The median income in Floyd County dipped by $2,800 between 2000 and 2013 in real dollars (that is, adjusted for inflation). Both the percent of the total population in poverty and the proportion of minors in poverty were approximately 1.6 times higher in 2013 than they were in 2000. Economy Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE) section 03
  • 25. 25 0 5 10 15 20 25 50,000 52,000 54,000 56,000 58,000 60,000 PopulationinPoverty(percent) RealMedianIncome(2013dollars) Median Income Minors in Poverty All Ages in Poverty Income and poverty Median income in Floyd County has experienced significant fluctuation over time, generally decreasing since 2000 and increasing since 2010. Poverty rates have stabilized over the past three years, although the rates remain high relative to the early 2000s. Economy Source: U.S. Census Bureau – Small Area Income and Poverty Estimates (SAIPE) section 03
  • 26. 26 Takeaways Growth in the number of establishments in Floyd County occurred in all business stages, with the exception of those employing 500 people or more (Stage 4 establishments).Yet, the most substantial numeric growth occurred among establishments with fewer than 10 employees (the Stage 0 and Stage 1 enterprises). These components of the local economy are often overlooked but deserve closer attention by local leaders. In light of the rapid growth of small-sized establishments (those under 10 employees) and people who are self-employed, policies and programs that help strengthen the survival of these businesses may make sense. Of course, focusing on high-growth Stage 2 firms may be worthy of consideration as well in light of the number of people they employ and the sizable sales they capture. Healthcare and Food industries are employment growth areas for Floyd County, while Construction, Utilities, and Manufacturing represent industries and occupations that have suffered job losses. The falling median income since 2000 could be attributed to a variety of factors. One could be the significant decline in jobs tied to industries (such as Manufacturing) that provided higher annual earnings wages on average than is the case for some industries that appear to be adding the greatest number of new jobs (such asAccommodation and Food Services or Administrative andWaste Management). Because real median income has decreased and poverty has jumped by 60 percent in Floyd County since 2000, services targeted to poverty-stricken individuals and households should be considered.This is especially an issue for the expanding number of children in poverty. Economy section 03* Includes both full-time and part-time jobs
  • 28. 28 Labor force and unemployment 2002 2013 Labor Force 37,597 37,449 Unemployment Rate 4.8% 6.9% The labor force in Floyd County stayed the same between 2002 and 2013. The concurrent increase in the unemployment rate is likely due to a rise in the number of individuals who are either officially unemployed or who have given up looking for a job. Labor market Source: U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics section 04
  • 29. 29 3.3% 5.1% 4.2% 8.7% 6.9% 0.0 2.0 4.0 6.0 8.0 10.0 UnemploymentRate(percent) Unemployment rate Unemployment increased dramatically after 2007, peaking at 8.7 percent in 2010. Since that time, the rate has been on a slow but steady decline, dipping to 6.9 percent by 2013. Labor market Source: U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics section 04
  • 30. 30 Commuteshed A county’s commuteshed is the geographic area to which its resident labor force travels to work. Sixty-nine percent of employed residents in Floyd County commute to jobs located outside of the county. Jefferson County, Kentucky, part of the Louisville metropolitan area, is the biggest destination for residents who work outside of Floyd County. Fifty-six percent of out-commuters work in counties adjacent to Floyd County. However, the third largest work destination outside Floyd County is the Indianapolis metropolitan area (Marion County), while the fifth largest is the Bloomington metropolitan area (Monroe County). Labor market Source: U.S. Census Bureau – Longitudinal Employer-Household Dynamics (LEHD) section 04 23,887 Out-Commuters 10,608 Same Work/Home Commuters Proportion Jefferson, KY 11,818 34.3% Clark, IN 6,258 18.1% Marion, IN 1,059 3.1% Harrison, IN 953 2.8% Monroe, IN 321 0.9%
  • 31. 31 Commuteshed in 2011 Labor market section 04 Source: U.S. Census Bureau, OTM, LEHD, PCRD Seventy-five percent of Floyd County’s working residents are employed either in Floyd County, Indiana or Jefferson County, Kentucky. Another 10 percent commute to Clark County. An additional 5 percent travel to jobs in Harrison, Marion or Monroe Counties. Collectively, these six counties represent 90 percent of the commuteshed for Floyd County. Note: Because Jefferson, Floyd, and Clark counties are work destinations for large proportions of the labor force living in Floyd County, there are no counties in the 80% commuteshed region. The classification is included for consistency
  • 32. 32 Laborshed Commuters Proportion Clark, IN 5,925 20.3% Jefferson, KY 2,907 10.0% Harrison, IN 2,525 8.6% Washington, IN 1,190 4.1% Marion, IN 550 1.9% Labor market Source: U.S. Census Bureau – Longitudinal Employer-Household Dynamics (LEHD) section 04 18,596 In-Commuters 10,608 Same Work/Home A county’s laborshed is the geographic area from which it draws employees. Sixty-four percent of individuals working in Floyd County commute from another county. Forty-three percent of in- commuters reside in counties adjacent to Floyd County. Clark County, Indiana, is the biggest source of laborers outside of Floyd County; however, the Indianapolis metropolitan area (Marion County) is the fifth largest source.
  • 33. 33 Laborshed in 2011 Labor market section 04 Source: U.S. Census Bureau, OTM, LEHD, PCRD The bulk (75 percent) of Floyd County’s workforce is drawn from Floyd, Harrison and Clark Counties in Indiana or Jefferson County, Kentucky. Another 5 percent is drawn from Washington County, Indiana. An additional 5 percent comes from Crawford, Marion and Scott Counties in Indiana and Bullitt County in Kentucky. Combined, the nine counties represent 85 percent of Floyd County’s laborshed. Note: Because there are 10 counties in the 90% LaborshedRegion, they are excluded from the map for readability purposes.
  • 34. 34 Takeaways Floyd County’s unemployment rate experienced steady increases after 2002, peaking at 8.7 percent in 2010.The majority of the increase occurred during the period of the Great Recession (approximately 2008 to 2010).The good news is that the rate has been on a steady decline since 2010. Despite population increases, the size of the county’s labor force has remained the same since 2002.This may be the result of the fact that more people in the county are reaching retirement and, thus, opting to leave the workforce. Other possible factors include a rise in the number of workers unable to find work, or an uptick in the number of people who have given up looking for a job. Floyd County exports a sizable proportion of their labor force to surrounding counties, especially to the larger metropolitan area of Louisville/Jefferson County, Kentucky. Specifically, nearly 24,000 residents of Floyd County commute to jobs located elsewhere. It may be worthwhile for Floyd County leaders to assess the human capital attributes of workers who commute to jobs outside the county. If it is losing highly skilled and well-educated workers to Louisville or other places outside Floyd County, finding ways to reduce the leakage of these talented workers may be a strategy worth pursuing. Another strategy may be to join forces with surrounding counties to work in a cohesive way on a regional blueprint. In light of the laborshed and commuteshed data highlighted in this report, there may be value in pursuing economic and workforce development efforts on a regional (multi- county) basis. Labor market section 04
  • 35. 35 . Report Contributors This report was prepared by the Purdue Center for Regional Development in partnership with Purdue University Extension. Data Analysis Indraneel Kumar, Ph.D. Ayoung Kim Report Authors Elizabeth Dobis Bo Beaulieu, Ph.D. Report Design Tyler Wright It is the policy of the Purdue University Cooperative Extension Service that all persons have equal opportunity and access to its educational programs, services, activities, and facilities without regard to race, religion, color, sex, age, national origin or ancestry, marital status, parental status, sexual orientation, disability or status as a veteran. Purdue University is an Affirmative Action institution. This material may be available in alternative formats.
  • 36. FOR MORE INFORMATION Purdue Center for Regional Development (PCRD) . . . seeks to pioneer new ideas and strategies that contribute to regional collaboration, innovation and prosperity. Purdue Extension Community Development (CD) . . . works to strengthen the capacity of local leaders, residents and organizations to work together to develop and sustain strong, vibrant communities. Please contact Gina Anderson County ExtensionCommunity Development Educator 812-948-5470 gmanders@purdue.edu OR