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Work Force

Labor Market Area
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  Labor market counties are composed of counties which significantly exist within the sixty (60) minute drive range of the originating county‚Äôs 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.  

  Civilian Labor Force  
    Floyd County Labor Market Area  
  2017 Sep. 2018 2017 Sep. 2018  
  Civilian Labor Force 11,777 11,204 55,768 54,361  
  Employed 10,818 10,511 51,016 50,929  
  Unemployed 959 693 4,752 3,432  
  Unemployment Rate (%) 8.1 6.2 8.5 6.3  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  

  Unemployment Rate (%)  
  Year Floyd County Labor Market Area Kentucky U.S.  
  2013 12.5 12.3 8.3 7.4  
  2014 10.3 10.4 6.5 6.2  
  2015 9.4 9.7 5.4 5.3  
  2016 10.9 11.1 5 4.9  
  2017 8.1 8.5 4.9 4.4  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  

  Commuting Patterns  
  Residents of Floyd County 2015 Percent  
  Working and Residing In County 4,109 43.7  
  Commuting Out of County 5,287 56.3  
  Total Residents 9,396 100.0  
  Employees in Floyd County  
  Working and Residing In County 4,109 40.7  
  Commuting Into County 5,996 59.3  
  Total Employees 10,105 100.0  
  Source: U.S. Department of Commerce, Bureau of the Census.  
  Note: Data for Kentucky and border states only.  

  Average Weekly Wage, 2017  
    Floyd County Kentucky (Statewide) U.S.  
 Total All Industries$738$845$1,042 
 Total Private Industries7598651,064 
 Natural Resources and Mining1,1511,0491,086 
 Construction9071,0111,155 
 Manufacturing7881,1081,272 
 Trade, Transportation and Utilities682789881 
 Information7781,0442,011 
 Financial Activities8251,2361,752 
 Professional and Business Services8619311,377 
 Education and Health Services892906940 
 Leisure and Hospitality253327441 
 Other Services and Unclassified448626734 
  Source: JobsEQ, Chmura Economics.