ECONOMIC DEVELOPMENT PARTNERSHIP

Boyle County Quarterly Employment Census: Q4, 2012

Based upon a confidential quarterly report compiled by the Boyle County Industrial Foundation

(BCIF), the Danville/Boyle County Economic Development Partnership (EDP) presents the

following general employment data for an index of representative Boyle County employers for Q4

2012 (October 1 – December 31) with comparisons to past quarters as well as to previous years.

INDUSTRIAL EMPLOYMENT: BCIF monitored employment for 18 Boyle County industries

that employ 25 or more employees. One (1) firm did not respond, so its employment level was

held constant. Current and past quarter employment levels within the last year are as follows:

Q4—2012 Q3—2012 Q2—2012 Q1—2012

3,148 3,329 3199 3044

Net Change: - 181 - 51 + 104

Employment at the end of Q4 was impacted by seasonal reductions in temporary employees at two

facilities in addition to other industries remaining level in their employment numbers. Red Wing

Shoe Company closed effective December 31, 2012, with a loss of 68 jobs. This reduction will be

reflected in the next quarterly census, and Red Wing will be removed from the census index.

Comparing the status of Boyle County’s industrial employment as of December 31, 2012, with

previous employment levels in the previous four years (2008 – 2011), Q4 yields the following net

employment changes:

Q4—2012 Q4—2011 Q4—2010 Q4—2009 Q4—2008

3,148 3,122 3,348 3,270 3,711

Net Changes: + 26 - 200 - 122 - 563

NON-INDUSTRIAL EMPLOYMENT: The BCIF tracks the self-reported employment of

eleven (11) non-industrial employers, in both private and public sectors, with over 100

employees. BCIF tracks health care, retail, education, banking, government, and transportation

sectors. Two (2) firms did not respond, so their employment levels were held constant. Current and

past quarter employment levels within the last year are as follows:

Q4—2012 Q3—2012 Q2—2012 Q1—2012

3,672 3,869 3,801 3,842

Net Changes: - 197 - 129 - 170

Boyle County Quarterly Employment Census: Q4, 2012

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The primary impact to the non-industrial index was the employment reduction of 135 jobs by

Norfolk Southern Corporation due to the company’s crew change relocation from the Danville

Terminal to Burnside, Kentucky. Norfolk Southern only responds to this employment census on an

annual basis. Therefore, Norfolk Southern’s reduction was completed over the course of 2012

rather than in Q4 alone. With this reduction, Norfolk Southern falls below the threshold to be

included in this segment of the census index.

Comparing the status of Boyle County’s non-industrial employment as of December 31, 2012, with

previous employment levels in two (2) previous years, Q4 yields the following net employment

changes:

Q4—2012 Q4—2011 Q4—2010

3,672 3,851 3,869

Net Changes: - 179 - 197

TOTAL OVERALL EMPLOYMENT: In light of the above statistics, total employment for

Boyle County in Q4 2012 with previous quarter and a 2-year comparison is as follows:

Q4—2012 Q3—2012 Q4—2011 Q4—2010

6,820 7198 6,973 7,217

Net Changes: - 378 - 153 - 397

OVERALL LABOR FORCE STATISTICS: For all sectors of the Boyle County economy, the

Kentucky Office of Employment & Training reports the following data for Boyle Countians in the

most recent quarters available:

Dec ’12 Sep ’12 Change

Employed 11,313 11,196 + 117

Unemployed 1,169 1,135 + 34

Unemployment Rate 9.4% 9.2% + 0.2%

An annual comparison of unemployment rates reveals the following:

Dec ’12 Dec ‘11 Change

Unemployment Rate 9.2% 10.3% - 0.9%

Boyle County Quarterly Employment Census: Q4, 2012

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Please contact the EDP if you have any questions or have any suggestions about how this quarterly

report can be more meaningful to you, your organization, or agency.

For more information:

Jody A. Lassiter, JD

President/CEO

Danville/Boyle County Economic Development Partnership

(859) 236-0636

jody@betterindanville.com