FRANKFORT, Ky. (March 14, 2024) — Unemployment
rates rose in 115 counties between January 2023 and January 2024, fell in
Bullitt, Spencer and Meade counties, and remained the same in Magoffin and
Nelson 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 3.4%. It was followed
by Washington County, 3.6%; Fayette and Marion counties, 3.7% each; Oldham,
Scott and Shelby counties, 3.8% each; Anderson County, 3.9%; and Bourbon,
Jessamine and Spencer counties, 4% each.
Magoffin County
recorded the state’s highest unemployment rate at 11.6%. It was followed by
Elliott County, 11.3%; Breathitt and Martin counties, 10.1% each; Lewis County,
10%; Carter County, 9.9%; Menifee County, 9.4%; Johnson County, 8.4%; and Knott
and Wolfe counties, 8% 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 4.8% for January
2024, and 4.1% for the nation.
Kentucky’s
seasonally adjusted January 2024 unemployment rate was
released on March 7, 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.