This is the Boyle County, Kentucky Employment Report for Q1 2011, compiled by the Boyle County Industrial Foundation and released by the Danville/Boyle County Economic Development Partnership.
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Boyle County Employment Report, Q2 2011
1. ECONOMIC DEVELOPMENT PARTNERSHIP
Boyle County Quarterly Employment Report: Q2, 2011
Based 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 and community stakeholders the following general employment data for Boyle County
for Q2 2011 (April 1 – June 30) with comparisons to the past quarter as well as to the previous three
years.
INDUSTRIAL EMPLOYMENT: The BCIF monitored employment for 17 Boyle County
industries that employ 25 or more employees. Philips Lighting Company was retained in this
quarter’s report solely to maintain consistent data for the previous quarter, but will no longer be
included as its employment has fallen below the threshold level for inclusion. Employment data
among those industries is self-reported through the Danville/Boyle County Industrial Council,
composed of local industrial managers. Current and past quarter employment levels are as follows:
Q2—2011 Q1—2011 Net Change
3,039 3,050 - 11
On the whole, Boyle County’s industrial employment remained flat in Q2. The second quarter
concludes the traditionally lower-volume period experienced in the first half of the calendar year by
many of Boyle County’s industrial employers. One local manufacturer continued its reduced
production and employment until excess inventory is exhausted. However, this same company
plans to make a large capital investment in its Danville facility over the next three (3) years, which is
a strong sign of its local commitment. At the same time, one of Boyle County’s larger distribution
centers continues hiring to keep pace with its business volume, while another local manufacturer
received corporate approval and state incentives to expand its Danville plant through construction
of a new addition that will increase its production capacity. Also, the new Meggitt Aircraft Braking
Systems’ distribution center began the hiring process for its management team and initiated interior
reconstruction of its facility at 120 Corporate Drive.
Comparing the status of Boyle County’s industrial employment as of June 30, 2011, with previous
employment levels in the previous three years (2008 – 2010), Q2 yields the follow comparisons:
Q2—2011 Q2—2010 Q2—2009 Q2—2008
3,039 3,208 3,382 3,811
Net Changes: - 169 - 343 - 772
With BCIF’s compilation of consistent job data on a quarterly basis since 2008, it is now possible to
view the local impact to industrial jobs since the downturn of the national economy began in that
2. Page 2
year. Because the slide in local job losses commenced after Q2 2008, the three-year differential of
772 less jobs in Boyle’s industrial sector is the extent of the impact to the industries monitored in
this report.
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. Current
and past quarter employment levels are as follows:
Q2—2011 Q1—2011 Net Change
3,818 3806 +12
Likewise, non-industrial employment remained level.
TOTAL OVERALL EMPLOYMENT: In light of the above statistics, the total employment
numbers for Boyle County in Q2 2011 is as follows:
Q2—2011 Q1—2011 Net Change
6,857 6,856 +1
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 ’11 (Q2) Mar ’11 (Q1) Change
Employed 11,588 11,364 + 224
Unemployed 1,585 1,524 + 61
Unemployment Rate 12.0% 11.8% - 0.2 %
The June 2011 labor force statistics show a promising rate of growth of employment in all Boyle
County jobs that is almost four times that of unemployment.
Unemployment rates in surrounding counties for June 2011 were as follows: Mercer, 10.2%;
Garrard, 10.4%; Lincoln, 12.6%; Casey, 10.1%; Marion, 10.0%; and Washington, 10.3%. A map of
unemployment rates for all Kentucky counties for June 2011 may be viewed at:
http://www.workforcekentucky.ky.gov/admin/uploadedPublications/1131_June_11_UR.pdf.
An annual comparison of unemployment rates reveals the following:
3. Page 3
Jun ’11 Jun ‘10 Change
Unemployment Rate 12.0% 12.6% - 0.6%
A map of changes in unemployment rates for all Kentucky counties from June 2010 to June 2011
may be viewed at:
http://www.workforcekentucky.ky.gov/admin/uploadedPublications/1132_June_10_to_June_11_
Change.pdf.
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