Labor Market Area
  [HLink_LM]  
  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, 2012 Future Labor:
Becoming 18 Years of Age
(2014-2017)
 
  Total Unemployed Potential Labor Supply  
  Labor Market Area 16,057 13,490 2,567 19,950  
  Meade County 2,121 1,253 868 1,763  
  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  
    Meade County Labor Market Area  
  2016 Jul. 2017 2016 Jul. 2017  
  Civilian Labor Force 11,982 12,755 168,142 176,960  
  Employed 11,378 11,964 160,826 168,431  
  Unemployed 604 791 7,316 8,529  
  Unemployment Rate (%) 5.0 6.2 4.4 4.8  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Unemployment Rate (%)  
  Year Meade County Labor Market Area Kentucky U.S.  
  2012 10.1 8.1 8.2 8.1  
  2013 8.9 7.5 8.3 7.4  
  2014 7.0 5.9 6.5 6.2  
  2015 5.6 4.8 5.4 5.3  
  2016 5.0 4.4 5 4.9  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.  
  Commuting Patterns  
  Residents of Meade County 2014 Percent  
  Working and Residing In County 2,415 23.6  
  Commuting Out of County 7,828 76.4  
  Total Residents 10,243 100.0  
  Employees in Meade County  
  Working and Residing In County 2,415 55.9  
  Commuting Into County 1,904 44.1  
  Total Employees 4,319 100.0  
  Source: U.S. Department of Commerce, Bureau of the Census.  
  Average Weekly Wage, 2013  
    Meade County Kentucky (Statewide) U.S. Ohio  
  All Industries $635 $784 $957 $859  
  Agriculture, Forestry, Fishing and Hunting 650 631 568 566  
  Mining 965 1,318 1,888 1,237  
  Construction 868 911 1,019 1,000  
  Manufacturing 1,302 1,030 1,176 1,072  
  Trade, Transportation, and Utilities 481 722 817 807  
  Information 912 853 1,616 1,219  
  Financial Activities 562 1,069 1,549 1,614  
  Services 329 692 857 783  
  Public Administration 507 813 1,097 1,032  
  Other N/A 1,109 987 713  
     
    Indiana Illinois Tennessee Virginia  
  All Industries $801 $1,011 $848 $998  
  Agriculture, Forestry, Fishing and Hunting 658 646 568 571  
  Mining 1,295 1,342 1,225 1,309  
  Construction 1,030 1,185 901 939  
  Manufacturing 1,084 1,221 1,052 1,058  
  Trade, Transportation, and Utilities 703 880 800 764  
  Information 940 1,359 1,125 1,591  
  Financial Activities 1,057 1,714 1,251 1,385  
  Services 687 907 768 977  
  Public Administration 822 1,175 842 1,342  
  Other 400 717 1,170 757  
  Source: U.S. Department of Labor, Bureau of Labor Statistics.