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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
Page 2



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
Page 3



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

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Boyle County, KY Employment Census: Q4, 2012

  • 1. 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
  • 2. Boyle County Quarterly Employment Census: Q4, 2012 Page 2 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%
  • 3. Boyle County Quarterly Employment Census: Q4, 2012 Page 3 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