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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’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 Future Labor:
Becoming 18 Years of Age
(2012-2015)		  
  Total Unemployed Potential Labor Supply  
  Labor Market Area 73,307 69,352 3,955 76,168  
  Franklin County 2,004 2,004 N/A 2,292  
  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  
    Franklin County Labor Market Area  
  2012 Apr. 2013 2012 Apr. 2013  
  Civilian Labor Force 24,652 24,888 776,839 789,804  
  Employed 22,998 23,344 717,705 736,354  
  Unemployed 1,654 1,544 59,134 53,450  
  Unemployment Rate (%) 6.7 6.2 7.6 6.8  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Franklin County Labor Market Area Kentucky U.S.  
  2008 5.8 5.9 6.4 5.8  
  2009 9.0 9.5 10.5 9.3  
  2010 8.9 9.7 10.5 9.6  
  2011 8.1 9.0 9.5 8.9  
  2012 6.7 7.6 8.2 8.1  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Franklin County 2010 Percent  
  Working and Residing In County 11,352 57.7  
  Commuting Out of County 8,333 42.3  
  Total Residents 19,685 100.0  
  Employees in Franklin County  
  Working and Residing In County 11,352 38.4  
  Commuting Into County 18,196 61.6  
  Total Employees 29,548 100.0  
  Source: U.S. Department of Commerce, Bureau of the Census.  
  Average Weekly Wage, 2011  
    Franklin County Kentucky (Statewide) U.S. Ohio  
  All Industries $771 $762 $924 $826  
  Agriculture, Forestry, Fishing and Hunting 0 599 532 535  
  Mining 0 1,342 1,831 1,351  
  Construction 822 846 972 936  
  Manufacturing 880 987 1,140 1,064  
  Trade, Transportation, and Utilities 604 700 789 731  
  Information 1,093 820 1,461 1,044  
  Financial Activities 975 1,038 1,484 1,105  
  Services 563 676 828 743  
  Public Administration 901 820 1,079 1,036  
  Other 1,009 1,080 1,012 628  
     
    Indiana Illinois Tennessee Virginia  
  All Industries $774 $978 $816 $974  
  Agriculture, Forestry, Fishing and Hunting 602 618 537 541  
  Mining 1,232 1,255 1,185 1,336  
  Construction 990 1,141 864 915  
  Manufacturing 1,065 1,177 1,017 1,028  
  Trade, Transportation, and Utilities 683 848 782 747  
  Information 882 1,282 1,088 1,483  
  Financial Activities 990 1,663 1,184 1,294  
  Services 662 876 732 955  
  Public Administration 803 1,130 818 1,356  
  Other 727 803 1,431 779  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.