Mt. Sterling Montgomery County
	Workforce

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, 2011
		Total	Unemployed	Future Labor: Becoming 18 Years of Age (2012-2015)
	Labor Market Area	33,415	29,957	31,735
	Montgomery County	1,574	1,352	1,409

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

		Montgomery County		Labor Market Area
		2012	Mar. 2013	2012	Mar. 2013
	Civilian Labor Force	12,992	13,130	355,341	358,486
	Employed	11,920	12,028	329,690	331,594
	Unemployed	1,072	1,102	25,651	26,892
	Unemployment Rate (%)	8.3	8.4	7.2	7.5

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

	Unemployment Rate (%)

	Year	Montgomery County	Labor Market Area	Kentucky	U.S.
	2008	7.4	5.7	6.4	5.8
	2009	12.6	9.4	10.5	9.3
	2010	11.9	9.5	10.5	9.6
	2011	10.6	8.6	9.5	8.9
	2012	8.3	7.2	8.2	8.1

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

	Commuting Patterns

	Residents of Montgomery County	2010	Percent
	Working and Residing In County	4,031	41.4
	Commuting Out of County	5,716	58.6
	Total Residents	9,747	100.0
	Employees in Montgomery County
	Working and Residing In County	4,031	42.5
	Commuting Into County	5,443	57.5
	Total Employees	9,474	100.0

Source: U.S. Department of Commerce, Bureau of the Census.

 

	Average Weekly Wage, 2011

		Montgomery County	Kentucky (Statewide)	U.S.	Ohio	Missouri
	All Industries	$629	$762	$924	$826	$797
	Agriculture, Forestry, Fishing and Hunting	0	599	532	535	554
	Mining	0	1,342	1,831	1,351	1,323
	Construction	848	846	972	936	929
	Manufacturing	735	987	1,140	1,064	970
	Trade, Transportation, and Utilities	479	700	789	731	709
	Information	560	820	1,461	1,044	1,236
	Financial Activities	689	1,038	1,484	1,105	1,088
	Services	541	676	828	743	734
	Public Administration	650	820	1,079	1,036	830
	Other	0	1,080	1,012	628	N/A
		Indiana	Illinois	Tennessee	Virginia	West Virginia
	All Industries	$774	$978	$816	$974	$752
	Agriculture, Forestry, Fishing and Hunting	602	618	537	541	$519
	Mining	1,232	1,255	1,185	1,336	1,521
	Construction	990	1,141	864	915	876
	Manufacturing	1,065	1,177	1,017	1,028	995
	Trade, Transportation, and Utilities	683	848	782	747	654
	Information	882	1,282	1,088	1,483	883
	Financial Activities	990	1,663	1,184	1,294	844
	Services	662	876	732	955	650
	Public Administration	803	1,130	818	1,356	844
	Other	727	803	1,431	779	1,025

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