Workforce – Availability

Labor Shed

The seven county labor shed includes Putnam and the surrounding six counties of Clay, Hendricks, Morgan, Montgomery, Owen and Parke.  These counties make up the primary labor shed that supplies workers to businesses in Putnam County.

Labor Shed

High School Graduates

 Putnam County Class of 2007  394
Class of 2008  424
Class of 2009  401
Class of 2010  417
Class of 2011  420
Class of 2012  384
Class of 2013 (Estimate)  510
Class of 2014 (Estimate)  473
Class of 2015 (Estimate) 483
Class of 2016 (Estimate) 479
Class of 2017 (Estimate) 481
 Seven County Labor Shed Class of 2007  3,579
Class of 2008  3,805
Class of 2009  3,882
Class of 2010  3,973
Class of 2011  4,025
Class of 2012  3,925
Class of 2013 (Estimate)  4,511
Class of 2014 (Estimate)  4,609
Class of 2015 (Estimate) 4,685
Class of 2016 (Estimate) 4,787
Class of 2017 (Estimate) 4,829

Labor Force – As defined by the US Bureau of Labor Statistics

Putnam County 2005 Annual 17,770
2006 Annual  17,714
2007 Annual  17,591
2008 Annual  17,763
2009 Annual  17,167
2010 Annual  17,471
2011 Annual  17,600
2012 Annual
2013 Annual 17,240
Seven County Labor Shed 2004 Annual 173,961
2005 Annual 177,234
2006 Annual  179,565
2007 Annual  178,834
2008 Annual  181,311
2009 Annual  178,267
2010 Annual  178,142
2011 Annual  178,737
2012 Annual 177,462
2013 Annual 179,041
Labor Force Growth – 1990 – 1999
Putnam County 22.4%
Seven County Labor Shed 23.1%
State of Indiana 10.8%
Labor Force Growth – 2000-2009
Putnam County 1.8%
Seven County Labor Shed 9.0%
State of Indiana 2.7%

 Unemployment

Putnam County  2005 Annual 6.5%
2006 Annual  5.3%
2007 Annual  5.3%
2008 Annual 6.7%
2009 Annual  11.0%
2010 Annual  10.8%
2011 Annual  10.3%
2012 Annual 9.0%
2013 Annual 7.7%
Seven County Labor Shed 2005 Annual 5.0%
2006 Annual 4.3%
2007 Annual 4.1%
2008 Annual  5.3%
2009 Annual  9.1%
2010 Annual  9.3%
2011 Annual  8.6%
2012 Annual 7.9%
2013 Annual 6.9%

Persons Seeking Employment

West Central Indiana Typical Month

10-16,000

Persons Commuting Out of County for Employment

Estimate from 2005 State Tax Returns 6,436
Estimate from 2006 State Tax Returns 6,376
Estimate from 2007 State Tax Returns 5,541
Estimate from 2008 State Tax Returns 5,960
Estimate from 2009 State Tax Returns 5,408
Estimate from 2010 State Tax Returns 5,439
Estimate from 2011 State Tax Returns 5,406
Estimate from 2012 State Tax Returns 5,434

Persons Entering The Workforce

Population Aged 20-24
Putnam County 2010 Census 3,426
 Seven County Labor Shed 2010 Census  19,992
Population Aged 20-24
 Putnam County 2015 Projection 3,461
2020 Projection 3.503
 Seven County Labor Shed  2015 Projection  21,883
2020 Projection 22,689
Population Growth (Census) 1990-2000 2000-2010
 Putnam County 18.8% 5.4%
Seven County Labor Shed  22.2% 14.9%
 State of Indiana  9.7% 6.6%

Note:  The seven county labor shed includes Putnam and the surrounding six counties of Clay, Hendricks, Morgan, Montgomery, Owen and Parke.  These counties make up the primary labor shed that supplies workers to businesses in Putnam County.

Source – STATS Indiana and Bureau of Labor Statistics

Updated: 06/2014