October 18, 2009
Development slows in Putnam, but unemployment rate remains low
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WINFIELD, W.Va. -- While loading groceries into the back of her car at the WalMart in Hurricane, a woman who declined to give her name, couldn't keep the frustration out of her voice when asked about the current job market.

Her husband, an employee with a Nitro company, lost his job last November -- the day he came back to work from the Thanksgiving holiday. He was out of work for about four months before being rehired, but had to take a pay cut and lost his insurance.

"If I hadn't had my job, I don't know what we would have done," she said.

While both are working now, her husband's cut in pay and the rise in the price of food and gas have stretched the couple's budget.

They've gone through their savings, and have stopped making payments to their IRA.

Since January, Putnam County's unemployment rate has steadily risen, but compared to West Virginia's 55 counties, it has fared better than average.

According to the most recent data from WorkForce West Virginia, Putnam County had an unemployment rate of 6.9 percent in August, the second lowest in the state behind Monongalia County, with 5 percent.

Putnam County officials say the county's location, Interstate 64 and a diverse job market have kept the county's unemployment rate at bay.

"We've been a lot better in terms of job loss and home loss," County Commissioner Joe Haynes said. "We have been hit, but not as severely as other counties."

Statewide, Putnam was one of seven counties that reported better-than-average unemployment rates in August, but its lead was by fractions of a percentage point.

Jefferson County reported an unemployment rate of 7 percent, Marion County, 7 percent; Gilmer, 7.2 percent; Kanawha, 7.2 percent; Mercer, 7.2 percent; and Monroe, 7.2 percent.

The statewide average for August was 8.6 percent. In September, it dropped half a percentage point to 8.1 percent.

"It's different for each county," said Ben Parker, director for research, information and analysis at WorkForce West Virginia. "Some of the rural counties tend to suffer more because their economic base is not as broad."

Putnam County's largest employers are local government and the service industry, including trade, transportation and utilities. Major employers include the board of education, county government, CAMC, the Toyota Motor Co. plant, the John Amos power plant, and the Appalachian Electric Power call center in Hurricane.

None have reported major layoffs.

"We're not just retail, there are a variety of different business and industries in the county, and that has helped," County Commissioner Steve Andes said.

The county development authority, planning commission, chamber of commerce and other organizations have been at the forefront of building Putnam's business base, which has been rapidly expanding for more than a decade, Andes said.

The county's location between Charleston and Huntington, U.S. 35, I-64 in addition to a low tax base and lots of flat land have made it attractive to a variety of businesses and industries, County Commissioner Gary Tillis said.

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Posted By: Earned_My_Degree (8:01am 10-19-2009)
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Some of the coalfield counties, including McDowell County have had more than 10 percent unemployment for 20 years. There are no massive State or Federal programs for them, nobody seems to care.

Posted By: ComeOnNow (12:13am 10-19-2009)
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The writer considers 6.9% to be "low"? What a moron!

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