Work Force

Labor market counties are composed of counties that 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 mentioned 60-minute drive range and have a border with the Mississippi and/or Ohio Rivers.

Total Available Labor, 2012

LocationTotalUnemployedPotential Labor SupplyFuture Labor 2014 to 2017
Labor Market Area29,51625,2484,26834,940
Madison County3,0503,050N/A4,009

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.Labor Market Map of Richmond

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

ForceMadison County 2014Madison County 2016Labor Market Area 2014Labor Market Area 2016
Civilian Labor Force44,88944,668363,532360,777 
Employed42,46542,624343,559343,610
Unemployed2,4242,04419,97317,167
Unemployment Rate (%)5.44.65.54.8

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Unemployment Rate

YearMadison CountyLabor Market AreaKentuckyU.S.
20108.89.210.59.6
20117.78.59.58.9
20126.77.18.28.1
20136.87.18.37.4

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Commuting Patterns for Residents

Residents of Madison County2014Percent
Working and Residing In County15,36645.9
Commuting Out of County18,12254.1
Total Residents33,488100


Community Patterns for Employees

Employees in Madison County2014Present
Commuting Into County17,83553.7
Working and Residing In County15,36646.3
Total Employees33,201100

Source: U.S. Department of Commerce, Bureau of the Census.

Average Weekly Wage for Kentucky & Ohio, 2014

IndustryMadison CountyKentucky (Statewide)U.S.Ohio
All Industries$699$807$988$885
Agriculture, Forestry, Fishing and HuntingND637589603
Construction8489601,0581,039
Financial Activities7001,1221,6401,226
Information6579431,7471,207
Manufacturing1,0021,0591,2111,105
MiningND1,3221,9641,352
Financial Activities7001,1221,6401,226
Public Administration891822995948
Services575681877785
Trade, Transportation, and Utilities510732827765
Other442568667554


 Average Weekly Wage for the Surrounding States, 2014

TradeIndiana
Illinois
Tennessee
Virginia
All Industries$1,040$818$869$1,018
Agriculture, Forestry, Fishing and Hunting668689580592
Construction1,2461,010960962
Financial Activities1,8161,1041,2911,427
Information1,4921,0511,1881,742
Manufacturing1,2671,1091,0831,086
Mining1,4051,3331,3061,343
Public Administration1,0197988551,048
Services9226827801,026
Trade, Transportation, and Utilities895719797763
Other737561608775

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Note:  The average weekly wage in 2014 for Natural Resources and Mining (the combined sectors of agriculture and mining) was $852