Labor Market Area

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	Future Labor: Becoming 18 Years of Age (2006-2009)
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.