FRANKFORT, Ky. (April 25, 2024) — Unemployment
rates rose in 116 counties between March 2023 and March 2024, fell in Bullitt,
Fulton and Lewis counties, and remained the same in Spencer County, 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 and Shelby counties, 4.1%; Anderson,
Fayette, Oldham, Scott and Spencer counties, 4.2% each; and Bourbon, Carroll,
Cumberland and Nelson counties, 4.3% each.
Magoffin County
recorded the state’s highest unemployment rate at 11.1%. It was followed by
Martin County, 10.1%; Breathitt County, 9.3%; Elliott County, 9.2%; Lewis
County, 8.8%; Carter County, 8.7%; Menifee County, 8.6%; Knott County, 8.5%;
and Johnson and Leslie counties, 8.3% each.
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 March
2024, and 3.9% for the nation.
Kentucky’s
seasonally adjusted March 2024 unemployment rate was
released on April 18, 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.
Learn more about
Kentucky labor market information here.