FRANKFORT,
Ky. (March 28, 2024) — Unemployment rates rose in 112 counties between
February 2023 and February 2024, fell in Bullitt, Elliott, Shelby and Spencer
counties, and remained the same in Lewis, Meade, Nicholas and Washington
counties, according to the Kentucky Center for Statistics (KYSTATS), an
agency of the Kentucky Education and Labor Cabinet. Woodford County
recorded the lowest jobless rate in the commonwealth at 3.7%. It was followed
by Washington County, 3.8%; Marion County, 4%; Fayette and Spencer counties,
4.1% each; Oldham, Scott and Shelby counties, 4.2% each; and Anderson and
Nelson counties, 4.3% each. Magoffin County
recorded the state’s highest unemployment rate at 11.9%. It was followed by
Breathitt County, 10.4%; Martin County, 10.1%; Elliott County, 10%; Carter County,
9.9%; Lewis County, 9.6%; Menifee County, 9.5%; Johnson and Knott counties,
8.6% each; and Leslie County, 8.3%. Kentucky’s county
unemployment rates and employment levels are not seasonally adjusted because of
small sample sizes. Employment statistics undergo sharp fluctuations due to
seasonal events such as weather changes, harvests, holidays, and school
openings and closings. Seasonal adjustments eliminate these influences and
make it easier to observe statistical trends. The comparable, unadjusted unemployment
rate for the state was 5.1% for February 2024, and 4.2% for the nation. Kentucky’s
seasonally adjusted February 2024 unemployment rate was
released on March 21, 2024, and can be viewed here. In that release,
Kentucky’s statewide unemployment rate and employment levels are
adjusted to observe statistical trends by removing seasonal influences
such as weather changes, harvests, holidays, and school openings
and closings. For more information regarding seasonal fluctuations,
visit the U.S. Bureau of Labor Statistics here. Unemployment
statistics are based on estimates and are compiled to measure trends rather
than actually to count people working. Civilian labor force statistics
include non-military workers and unemployed Kentuckians who are actively
seeking work. They do not include unemployed Kentuckians who have not looked
for employment within the past four weeks. The data should only be compared
to the same month in previous years.
Visit the Kentucky Center for
Statistics website to learn more about Kentucky labor market
information. Follow the Kentucky Education and Labor Cabinet on Facebook and Twitter for the latest updates. |