FRANKFORT,
Ky. (April 22, 2024) — Annual unemployment rates increased in 80 Kentucky
counties in 2023, decreased in 22 and stayed the same in 18 counties, according
to the Kentucky Center for Statistics (KYSTATS), an agency within the Kentucky
Education and Labor Cabinet.
The annual jobless
rate for Woodford County was the lowest in the commonwealth in 2023 at 3.1%. It
was followed by Anderson, Scott and Washington counties, 3.3%; Cumberland,
Fayette, Marion and Oldham counties, 3.4% each; and Carroll, Jessamine and
Shelby counties, 3.5% each.
Magoffin County
recorded the state’s highest annual unemployment rate in 2023 at 9.8%. It was
followed by Martin County, 8.3%; Elliott County, 8.2%; Lewis County, 8%; Carter
County, 7.6%; Breathitt County, 7.5%; Leslie County, 6.9%; Knott County, 6.7%;
and Harlan, Johnson and Owsley counties, 6.6% each.
In contrast to the
monthly national and state data, unemployment statistics for counties are not
seasonally adjusted. The comparable, unadjusted annual state unemployment rate
for the state was 4.2% for 2023, and 3.6% for the nation. For more information
regarding seasonal fluctuations, visit the U.S. Bureau of Labor Statistics at https://www.bls.gov/cps/cps_htgm.htm#why.
In 2023, 72
counties were above the comparable, unadjusted annual state unemployment rate
of 4.2%, while 46 were below the state unadjusted rate and two (Graves and
Webster counties) were the same rate.
Compared to the
national unadjusted 2023 annual rate of 3.6%, 104 Kentucky counties had higher
2023 annual rates, while 11 were lower and five (Boone, Bourbon, Campbell,
Franklin and Nelson counties) matched it.
Counties with the
largest decline in annual unemployment rates from 2022 to 2023 were Magoffin
County, -1.0 percentage point; Trimble County, -0.6 percentage point; Graves
and Owsley counties, -0.5 percentage points each; and Spencer County, -0.4 percentage
point.
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 statistics in this news release are not
seasonally adjusted to allow for comparisons between United States, state, and
counties figures. The statistics in this news release may be revised in the
future.