The Herald Bulletin

Afternoon Update

Local Business

September 27, 2013

Businesses are on the rebound, but employment is still down

Government bureau reports loss of 854 jobs in Madison County

ANDERSON — While city officials are reporting a rebound when it comes to business, employment numbers in the county are down, according to a new report from the Bureau of Labor Statistics.

Across the county, employment has dropped 2.2 percent between March 2013 and March 2012.

Greg Winkler, economic development director for the city, said the numbers released Thursday should be weighed carefully against Anderson’s recent progress.

“This is a work in progress,” he said. “Anderson did not get where it is today in just a couple of years. The process of decline where General Motors pulled out took a number of years. If it took us 25 years to get to that point, it is probably going to take at least half of that to get back to where we were.”

Madison County’s numbers are similar to the employment figures reported for the county for the same time span in 2010. According to the study, there are 2,304 businesses in the county compared to 2010, when there were 2,298.

Across the nation, employment was 132.3 million, which was up 1.6 percent or 2.1 million over the year reported.

The county is employing fewer people, however, for that same time period. In 2010, there were 38,473 people employed, according to the bureau’s report. In March, there were only 37,497 — a loss of 854 jobs from 2012 to 2013.

Winkler said he expects the numbers being reported to change as new businesses being constructed or relocating to the area become fully functional.

The study also reported only marginal increases in salaries. In 2012, the average weekly wage was $662. In 2013, the average salary was $673.

Nationally, the average weekly wage increased over the year by 0.6 percent to $989 in the first quarter of 2013. San Mateo, Calif., had the largest over-the-year increase in average weekly wages with a gain of 14.8 percent. Within San Mateo, an average weekly wage gain of $2,996 or 104.1 percent. Williamson, Texas, experienced the largest decrease in average weekly wages with a loss of 13.4 percent over the year being reported.

Like Traci L. Moyer on Facebook and follow her @ moyyer on Twitter, or call 648-4250.

At a glance Madison County employment and wages Businesses Employed Avg. Weekly Wage Q1 2013 2,304 37,497 $673 Q1 2012 2,316 38,351 $662 Q1 2011 2,325 37,920 $634 Q1 2010 2,298 38,473 $571 Source: Bureau of Labor Statistics

Text Only
Local Business
  • Senior housing project advances If all the pieces fall into place within the next two weeks, construction on a new senior housing development could begin this fall.

    July 30, 2014

  • Roundabout bids higher than expected Bids for a planned facelift of the gateway into Anderson from Interstate 69 at Scatterfield Road came in considerably higher than the engineer’s estimate for the project.

    July 29, 2014

  • FEA - HB0729 - Senior Falls Aging safely in the comfort of her home Marilyn Moneyhun said being totally reliant on others is difficult. "Losing your independence is a shock to your system," Moneyhun, 84, said. "You are not in control anymore."

    July 29, 2014 1 Photo

  • NWS - HB0728 - business expansion CB Fabricating makes $2 million investment

    A local business founded in 2006 has invested $2 million in new equipment and a building expansion.

    July 29, 2014 1 Photo

  • Charo Boyd: 'My Social Security' simplifies your life So many people buzz through extremely busy and complicated schedules these days. A smartphone in one hand, a computer in front of you, and a digital task list that never seems to end. In addition, to complicate things just a little more, there’s another event you need to add to your list — National Simplify Your Life week.

    July 28, 2014

  • nws - hb0725 - colts - jc - 4.jpg Colts camp's impact: pricey or priceless?

    Football fever is here and the city is flooded with fans eager to catch a glimpse of a favorite player. But officials say they are unclear what kind of economic impact the Indianapolis Colts training camp has on the area.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Skill gap 2 Seeking a solution today, not tomorrow Tina Warner-Morton says she wants to open her own healthcare business because it is too difficult to work for an employer with unclear employee expectations.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Cathy Cupboard Biz Profile Business Profile: Cathy's Cupboard focuses on customer satisfaction Cathy McPhearson opened her first storefront in June, but this is not her first venture into business. “I have always wanted to have my own business,” she said. “The problem was finding what people like, but everyone seems to like candles.”

    July 26, 2014 1 Photo

  • IU Health Ball Memorial Hospital named Level III trauma center The Trauma Center at Indiana University Health Ball Memorial Hospital has been verified as a Level III Trauma Center by an ad hoc committee of the Committee on Trauma (COT) of the American College of Surgeons.

    July 26, 2014

  • Clark, Big Joe mug 'Big Joe' Clark: Beat the market or meet your goals? True or not, my experience tells me that goals – especially when written down – undoubtedly serve as catalysts for success. However, danger arises when a goal does not properly focus on the long term result you expect.

    July 25, 2014 1 Photo

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide