Henry County Economic Development

Henry County Economic Development


WORKFORCE

Labor Market Area
  [HLink_LM]  
  Labor market counties are composed of counties which significantly exist within the sixty (60) minute drive range of the originating county’s county seat. A county will be included within the radius if the centroid point of a county (a point representing the center of the geographic area of a county) falls within the drive zone. Additionally, all contiguous counties will be classified as part of the labor market with the exception of non-Kentucky contiguous counties which have been excluded by the above mentioned 60-minute drive range and have a border with the Mississippi and/or Ohio Rivers.  
  Total Available Labor  
    Available Labor, 2005 Future Labor:
Becoming 18 Years of Age
(2006-2009)
 
  Total Unemployed Potential Labor Supply  
  Labor Market Area

30,891

29,812

1,079

54,589

 
  Henry County

519

462

57

875

 
  Source: U.S. Department of Labor, Bureau of Labor Statistics; Kentucky Cabinet for Economic Development (KCED); U.S. Department of Commerce, Bureau of the Census.
Note: Total Available Labor = Unemployed + Potential Labor Supply.
Unemployed - people currently not employed, but actively seeking work.
Potential Labor Supply: Determined by the national labor force participation rate minus each county’s labor force participation rate. Labor force participation rates are calculated by dividing the labor force by the population. NA (Not Applicable) applies to counties with a labor force participation rate greater than the national average.
Future Labor - people becoming 18 years of age (not part of the total available labor statistics).
 

 

  Civilian Labor Force  
    Henry County Labor Market Area  
  2005 Dec. 2006 2005 Dec. 2006  
  Civilian Labor Force

7,894

8,155

507,291

521,406

 
  Employed

7,432

7,758

477,479

497,399

 
  Unemployed

462

397

29,812

24,007

 
  Unemployment Rate (%)

5.9

4.9

5.9

4.6

 
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Henry County Labor Market Area Kentucky U.S.  
  2001 4.4 4.5 5.2 4.7  
  2002 4.4 5.4 5.7 5.8  
  2003 5.3 5.8 6.3 6.0  
  2004 4.9 5.3 5.5 5.5  
  2005 5.9 5.9 6 5.1  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Henry County 2000 Percent  
  Working and Residing In County

2,839

40.6

 
  Commuting Out of County

4,154

59.4

 
  Total Residents

6,993

100.0

 
  Employees in Henry County  
  Working and Residing In County

2,839

71.5

 
  Commuting Into County

1,131

28.5

 
  Total Employees

3,970

100.0

 
  Source: U.S. Department of Labor, Bureau of the Labor Statistics.  

 

  Average Weekly Wage, 2005  
    Henry County Kentucky (Statewide) U.S. Ohio  
  All Industries

$555

$653

$782

$718

 
  Agriculture, Forestry, Fishing and Hunting

0

520

447

447

 
  Mining

0

1,003

1,388

1,068

 
  Construction

569

687

808

777

 
  Manufacturing

651

847

949

927

 
  Trade, Transportation, and Utilities

568

615

690

645

 
  Information

714

719

1,178

897

 
  Financial Activities

754

835

1,235

943

 
  Services

456

564

689

630

 
  Public Administration

499

717

906

873

 
  Other

209

839

732

613

 
     
    Indiana Illinois Tennessee Virginia  
  All Industries

$681

$841

$689

$813

 
  Agriculture, Forestry, Fishing and Hunting

501

525

480

467

 
  Mining

992

1,068

985

996

 
  Construction

785

1,002

719

773

 
  Manufacturing

928

971

823

851

 
  Trade, Transportation, and Utilities

602

743

674

651

 
  Information

768

1,082

847

1,391

 
  Financial Activities

852

1,346

966

1,169

 
  Services

570

749

607

772

 
  Public Administration

678

924

705

1,096

 
  Other

586

729

772

782

 
  Source: U.S. Department of Labor, Bureau of Labor Statistics.

 

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