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The South Central Kentucky Region features a population of more than 279,000 people, with a labor market area of more than 2.1 million. In 2008, the U.S. Conference of Mayors recognized the Bowling Green Metropolitan Statistical Area as 33rd out of 363 MSAs in the United States in terms of job growth and employment. From Q2 2000 to Q1 2008, the MSA witnessed a 17% growth rate in employment. Kentucky has a product output per wage that is 1.9% higher than the U.S. average. Labor costs are less than 86% of the national average. A cost of doing business analysis of Kentucky is available from the Kentucky Cabinet for Economic Development.
Data regarding the labor pool and average wages can be found in the data tables below. |
| Available Labor (2008) | Future Labor | |
| Total | Unemployed | Potential Labor Supply | Becoming 18 Years of Age
(2009-2012) | | Labor Market Area | 77,665 | 60,015 | 17,650 | 106,745 | | South Central Kentucky Region | 12,432 | 8,429 | 4,003 | 14,518 | | 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). |
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