FRANKFORT, Ky. (KT) - Unemployment rates fell in all but 10 of Kentucky’s 120 counties between July 2017 and July 2018, according to figures released by the Kentucky Education and Workforce Development Cabinet on Thursday.
Woodford County recorded the lowest jobless rate at 3.5 percent, one of the 10 under 4.2 percent. The others were Campbell, Boone and Kenton, Fayette, Oldham, Scott, Jesamine, Allen and Simpson counties.
Magoffin County recorded the state’s highest unemployment rate at 13.8 percent and was the only one in double figures. Eleven others were 8 percent or more.
For July, the state's seasonally adjusted jobless rate was 4.3 percent, which was up slightly from the 4.2 percent rate reported for June. Officials say that’s down from the 5 percent unemployment rate in July 2017. The civilian labor force was 2,068,910, an increase of 5,384 compared to June. The number of people employed was up by 2,625, however the number unemployed increased by 2,759.
“Kentucky’s unemployment rate increased the past three months from 4 percent in April to 4.3 percent in July,” said University of Kentucky’s Center for Business and Economic Research Associate Director Mike Clark. “The number of people working actually increased in each of these months. However, the number of people unemployed grew at a faster rate—leading to a higher unemployment rate.”
In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky’s seasonally adjusted nonfarm employment increased by 6,300 jobs in July 2018 compared to June 2018. Kentucky has added 16,000 jobs since July 2017, a 0.8 percent employment growth.
“Kentucky employment showed strong growth in July with gains in manufacturing and trade, transportation and utilities,” Clark said. “Also, the preliminary estimates from the establishment survey for June that appeared to show that Kentucky’s employment had decreased have been revised. The revised estimates now indicate that the state’s employment was essentially unchanged from May to June.”