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Home » Economic » Economic Conditions

H M C

Source: www.mercercounty.ky.gov
Topic: Economic Conditions

Sort Desciption: Economic Conditions. 3-7. using the new definitions and codes are not identical to those used ... Economic Conditions. Building Materials & Garden Equipment ...

Content Inside: H M C arrodsburg- ercer ounty C o m p r e h e n s i v e P l a n Economic Conditions 3-1 CHAPTER THREE An analysis of the structure and vitality of a communitys economy is fundamental to develop a strategic plan for economic development and for future land use planning. Studies of the structure of the existing local economy identify the important economic activities within the community. The extent of economic activity and the population supported by such activity influences future economic develop- ment. The health and growth of the local economy is a key determinant of how rapidly land will be converted to various uses and can be gauged by its stability and balance. Stability is the ability to withstand fluctuations in the regional and national economies. Balance is the degree to which diversification allows the local economy to withstand fluctuations in a particular sector of the economy. This chapter of the comprehensive plan focuses upon Mercer County but also contains information on the Mercer County labor market for comparative pur- poses. The Mercer County labor market includes the nine (9) Kentucky Counties of Anderson Boyle Fayette Garrard Jessamine Lincoln MercerWashington and Woodford as shown below. Economic Conditions 3-2 EMPLOYMENT BY INDUSTRY Employment information at the county level is available for industries covered by unemployment insurance. This generally includes all workers except self-employed individuals unpaid family members some student workers agricultural workers domestic workers rail workers employees of certain religious organizations and some government employees. Asummary of employment in industries covered by unemployment insurance for Mercer County from 1990 to 2001 is shown in Figure 3-1. Mercer County gained a total of 1524 jobs a 27.9% increase from 1990 to 2001. This significant gain can be attributed to the additional number of jobs in the Serviceindustry which increased by 999 workers during this time period. ...

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