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.

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Total Available Labor

		Available Labor, 2012			Future Labor: Becoming 18 Years of Age (2014-2017)
		Total	Unemployed	Potential Labor Supply
	Labor Market Area	29,516	25,248	4,268	34,940
	Madison County	3,050	3,050	N/A	4,009

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).

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Civilian Labor Force

		Madison County		Labor Market Area
		2014	Mar. 2016	2014	Mar. 2016
	Civilian Labor Force	44,889	44,668	363,532	360,777
	Employed	42,465	42,624	343,559	343,610
	Unemployed	2,424	2,044	19,973	17,167
	Unemployment Rate (%)	5.4	4.6	5.5	4.8

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

	Unemployment Rate (%)

	Year	Madison County	Labor Market Area	Kentucky	U.S.
	2010	8.8	9.2	10.5	9.6
	2011	7.7	8.5	9.5	8.9
	2012	6.7	7.1	8.2	8.1
	2013	6.8	7.1	8.3	7.4
	2014	5.4	5.5	6.5	6.2

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

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Commuting Patterns

	Residents of Madison County	2014	Percent
	Working and Residing In County	15,366	45.9
	Commuting Out of County	18,122	54.1
	Total Residents	33,488	100.0
	Employees in Madison County
	Working and Residing In County	15,366	46.3
	Commuting Into County	17,835	53.7
	Total Employees	33,201	100.0

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

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Average Weekly Wage, 2014

		Madison County	Kentucky (Statewide)	U.S.	Ohio
	All Industries	$699	$807	$988	$885
	Agriculture, Forestry, Fishing and Hunting	ND	637	589	603
	Mining	ND	1,322	1,964	1,352
	Construction	848	960	1,058	1,039
	Manufacturing	1,002	1,059	1,211	1,105
	Trade, Transportation, and Utilities	510	732	827	765
	Information	657	943	1,747	1,207
	Financial Activities	700	1,122	1,640	1,226
	Services	575	681	877	785
	Public Administration	891	822	995	948
	Other	442	568	667	554
		Indiana	Illinois	Tennessee	Virginia
	All Industries	$1040	$818	$869	$1018
	Agriculture, Forestry, Fishing and Hunting	668	689	580	592
	Mining	1,405	1,333	1,306	1,343
	Construction	1,246	1,010	960	962
	Manufacturing	1,267	1,109	1,083	1,086
	Trade, Transportation, and Utilities	895	719	797	763
	Information	1,492	1,051	1,188	1,742
	Financial Activities	1,816	1,104	1,291	1,427
	Services	922	682	780	1,026
	Public Administration	1,019	798	855	1,048
	Other	737	561	608	775

ND = Non-disclosed

Note:  The average weekly wage in 2014 for Natural Resources and Mining (the combined sectors of agriculture and mining) was $852

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

 

*The above data was updated July 2016. For the most up-to-date information, check ThinkKentucky.com at:  Work Force