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Friday, February 15 2008

Below are the workforce statistics for our tri-state area based on figures as of December 2007:

Words like pride, loyalty, and a strong work ethic describe the Evansville work force, which is possibly the area’s most valuable resource. Toyota executives give glowing reports about the quality of the labor force. They have stated that the start-up of the Toyota Motor Manufacturing Indiana (TMMI) assembly plant has been the smoothest in company history.

Evansville has one of the highest percentages of skilled and semiskilled production workers relative to the total workforce, as compared to surrounding states.

Local employers give high marks to their workforce when it comes to measuring productivity levels. In addition, the annual employee turnover rate is less than 5 percent, and absenteeism rates range from 0-3 percent per month. These proud workers can trace their roots to a strong Germanic heritage, which has been part of Evansville for over 150 years.

The Evansville area has a diversified economy. While manufacturing accounts for 20.6% of the jobs, the rapidly growing services sector employs 71% of the workforce. The Evansville Region's well-trained, highly motivated labor force now totals over 177,000. Because of the proximity of the surrounding counties, and ease of access to the Evansville area, businesses routinely draw from a labor force that lies within a 30-mile radius of their work site.

Current Labor Force Data (Evansville Region, December 2007)
At the end of December 2007, WorkOne Evansville reported the labor force in the Evansville MSA * to be 185,191. The unemployment rate for the area was 4.2%. The Indiana unemployment rate was 4.4% and the U.S. rate was 4.5%. For the complete Labor Market Profile click here. *Gibson, Posey, Vanderburgh, and Warrick Counties in Indiana, and Henderson and Webster Counties in Kentucky.

COUNTY

LABOR FORCE

EMPLOYED

RATE

VANDERBURGH

92,213

88,185

4.4%

WARRICK

30,815

29,687

3.7%

POSEY

13,940

13,424

3.7%

GIBSON

17,411

16,739

4.0%

SPENCER

10,267

9,856

4.0%

HENDERSON CO., KY

23,833

23,800

4.3%

WEBSTER CO., KY

6,979

6,591

5.6%

REGIONAL TOTALS

195,458

185,282

4.25%

U.S.

 

147,118,000

4.5%

INDIANA

 

3,087,746

4.4%

*Metropolitan Statistical Area (MSA)

Source: Indiana Department of Workforce Development, December, 2007

Posted by: Rolando Trentini AT 08:07 am   |  Permalink   |  0 Comments  |  Email
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The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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