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Kentucky's jobless rate falls to 5% in April

May 22, 2015

Kentucky’s unemployment rate continued to decrease as it fell to a seasonally adjusted preliminary April 2015 level of 5 percent from a revised 5.1 percent in March 2015, and well below the national rate, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

The state rate in April 2015 was 2 percentage points below the 7 percent rate recorded in April 2014, and was the lowest jobless rate since June 2001 when it was 5 percent. The U.S. seasonally adjusted jobless rate in April 2015 fell to 5.4 percent from 5.5 percent in March 2015, according to the U.S. Department of Labor. Read More

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Jobless rates down in all Kentucky counties in March 2015

Apr 27, 2015
Unemployment rates fell in all 120 Kentucky counties between March 2014 and March 2015, according to the Kentucky Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet.

Kentucky’s seasonally adjusted preliminary March 2015 unemployment rate dipped to 5.1 percent, the lowest rate since June 2001 when it was 5 percent. Kentucky’s figure is below the national rate (5.5 percent) for the eighth month in a row, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

Woodford County recorded the lowest jobless rate in the Commonwealth at 3.5 percent. It was followed by Oldham County, 3.9 percent; Fayette County, 4 percent; Scott County, 4.1 percent; Shelby County, 4.2 percent; Boone and Owen counties, 4.3 percent each; and Anderson, Campbell, Jessamine, Madison and Spencer counties, 4.4 percent each.

Magoffin County recorded the state’s highest unemployment rate – 14.7 percent. It was followed by Russell County, 11 percent; Harlan County, 10.7 percent; Elliott County, 10.5 percent; Leslie County, 10.2 percent; Letcher and Wolfe counties, 10.1 percent each; Breathitt County, 10 percent; and Clay, Knott and Menifee counties, 9.9 percent each. Read More
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Kentucky jobless rate at 5.5% in January, 0.2% below U.S. rate

Mar 09, 2015
Kentucky’s seasonally adjusted preliminary January 2015 unemployment rate of 5.5 percent came in below the U.S. rate of 5.7 percent, according to the Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet. The state rate matched the revised December 2014 rate of 5.5 percent and was 2 percentage points below the 7.5 percent recorded in January 2014.
 
“In addition to this great start to 2015, the annual revisions which align data for the past year were released yesterday and revealed that Kentucky’s unemployment rate has been below the national rate for the last six months,” said economist Manoj Shanker of the OET. “That’s quite an accomplishment. The last time Kentucky’s unemployment rate was below the national average for such an extended period was in 1995.” Read More
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Kentucky unemployment hits near seven year low at 5.7%

Jan 23, 2015
Kentucky’s seasonally adjusted preliminary unemployment rate nearly matched the U.S. rate as it plunged to a preliminary 5.7 percent rate in December 2014 from a revised 6 percent in November 2014, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet. This is the lowest rate for the state since February 2008 when it was 5.7 percent. The U.S. seasonally adjusted jobless rate for December 2014 declined to 5.6 percent from 5.8 percent in November 2014, according to the U.S. Department of Labor. Kentucky’s preliminary December 2014 jobless rate was 2.2 percentage points below the 7.9 percent rate recorded for the state in December 2013. Read More
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