VERMILION ADVANTAGE

 WORKFORCE CLUSTER

 JANUARY 2011-2013

 JOB PROJECTION SURVEY

Link to News Release: Economic Outlook & Job Projections Show Strong Economic Opportunity

VERMILION COUNTY ECONOMIC OUTLOOK

1st QUARTER 2011 ACTUAL/ 2nd Q 2011 and 3rd Q 2011 PROJECTIONS

With 35 of the core employers reporting, following are the results to date.

            1st   Quarter 2011 Actual

                        Declining sales/business volumes            3 or 8.5%%

                                    3 – Mfg

                        Steady sales/ business volumes              15 or 43%

                                    9 – Mfg

                                                2 – Health

                                                2 – Dist

                                                2 – Lg office

                        Steady growth/business volumes            14 or 40%

                                    8 – Mfg

                                                2 – Distrib

                                                3 – Health

                                                1 – Lg office

                        Rapid Growth/business volumes             3 or 8.5%       

                                    1 – Mfg    

                                    1 – Distrib             

                                    1 – Health

            91.5% showing actual steady to rapid growth

            2nd Quarter 2011 Projections

                        Declining sales/business volumes              2 or 6%

                                     2 – Mfg                  

                        Steady sales/ business volumes                22 or 63% 

                                    13 – mfg

                                                 4 – health

                                                 2 – Distrib

                                                 3 – Office

                        Steady growth/  business volumes            10 or 28%

                                     5 – Mfg

                                                 2 – Health

                                                 3 – Distrib                                             

                        Rapid growth/business volumes                 1 or 3%

                                    1 – Mfg  

            94% projecting steady to rapid growth

3rd Quarter 2011 Projections

                        Declining sales/business volumes               2 or 6%                

                                                2 – Mfg

                        Steady sales/ business volumes                 18 or 51%

                                    10 – Mfg

                                                1 – Distrib

                                                4 – Health

                                                3 – Office                         

                        Steady growth/business volumes               13 or 37%

                                    8 – Mfg

                                                3 – Distrib                                              

                                                2 – Health                                                 

                                Rapid growth/business volumes                  2 or 6%

                                    1 – Mfg

                                                1 – Distrib

94% projecting steady to steady growth

ECONOMIC PROJECTIONS

1st QTR 2011 ACTUAL, 2nd 2011 AND 3rd 2011 PROJECTIONS

Those who have employees on layoff at this time – 5 of 35 or 14%; 86% or 30 DO NOT have anyone on layoff

Those projecting layoffs in the 2nd or 3rd quarters –3 yes or 9%; 32 or 91% are NOT projecting layoffs

Those who are and/or ARE projecting hiring in the 2nd  thru 3rd quarters 2011 represent  74 % or 26 of the 35 respondents

Responding employers are comprised of the following types of businesses:

21            Manufacturing        55%

5              Distribution            18.5%

3              Large Office           10.5%

6              Health Care            16%

Surveyed employers in aggregate employ 9,000+ at this time (represents approx. 25% of current, total labor force)