News
Nov 17, 2023

KENTUCKY UNEMPLOYMENT RATE UP

Chris Nelson
Chris Nelson

 

ACCORDING TO THE  KENTUCKY CENTER FOR STATISTICS……THE COMMONWEALTH’S  OCTOBER UNEMPLOYMENT RATE WAS  FOUR-POINT-TWO PERCENT WHICH

WAS UP  ONE-TENTH OF A PERCENTAGE POINT FROM SEPTEMBER…..AND WAS UP  TWO-TENTHS OF A PERCENTAGE POINT FROM  A YEAR AGO…..

 

ALTHOUGH THE COMMONWEALTH’S JOBLESS RATE REMAINS FAIRLY LOW….THE NUMBER OF PEOPLE EMPLOYED IN KENTUCKY HAS DECREASED IN EACH OF THE

PAST FOUR MONTHS……AND WHILE MANY OF THESE INDIVDUALS ARE SEARCHING FOR A NEW JOB…..THE MAJORITY APPEAR TO HAVE LEFT THE LABOR MARKET…..

 

THE NUMBER OF PEOPLE EXITING THE LABOR FORCE WAS EQUAL TO  63-PERCENT OF THE DECREASE IN EMPLOYMENT OVER THE PAST FOUR MONTHS……

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