All 120 Kentucky counties see drop in unemployment rates for third straight month
12/04/2014 12:45 PM
HEBRON — Kentucky has seen its unemployment rate drop in all 120 counties between October 2013 and October 2014, according to statistics from the Kentucky Office of Employment Training, a division of the Kentucky Education and Workforce Development Cabinet.
The drop marks the third straight month the commonwealth as seen year-over-year drops in all counties.
Boone County has the lowest unemployment rate in the state at 4.1 percent. That’s down from 4.8 percent in September and 6.3 percent in October 2013.
Lt. Governor Crit Luallen was in Boone County on Thursday to join local leaders for ribbon cutting ceremonies for Bonfiglioli USA’s expansion at their Hebron facility.
The company, a leader in power transmission for mobile and self-propelled machines, is opening its first U.S. production line which is expected to create up to 42 new high tech jobs.
Luallen says that the high tech jobs, like those at Bonfiglioli, are ideal for the state because they tend to lead to additional jobs.
“When you have primary manufacturing jobs created, there’s a spinoff into the economy and that reverberates through the economy and creates other jobs,” Luallen said.
Luallen says that the state has seen an increase of approximately 15,000 high tech jobs over the past couple of years.
“We’re really delighted to see the kind of momentum, the kind of trend, that Kentucky is on,” Luallen said. “Success breeds success.”
Woodford County had the second lowest unemployment rate at 4.2 percent; followed by Daviess, Fayette, Franklin, Madison, Owen, Simpson, Spencer and Warren counties who were all at 4.4 percent each.
The counties with highest unemployment figures were all mostly in eastern Kentucky.
Jackson County had the state’s highest unemployment rate at 11.7 percent. It was followed by Magoffin County, 10.8 percent; Letcher County, 10.2 percent; Harlan County, 10.1 percent; Leslie County, 9.8 percent; Bell and Knott counties, 8.8 percent each; McCreary County, 8.7 percent; Fulton County, 8.6 percent; and Clay County, 8.4 percent.
The regional disparity is something that Luallen said the Governor’s office is watching, but the trends are moving in the right direction.
“Kentucky has different challenges and opportunities regionally around the state and some parts of the state don’t recover from an economic impact as rapidly as others but we are seeing now the right trend in every corner of the state and that’s good news,” Luallen said.
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.
Below the Fold
Cabinet for Health and Family Services-backed bill deletes several commissions and numerous required reports
Majority of Kentuckians not fearful of losing insurance; Congressional Budget Office says repeal will raise costs, leave millions without insurance
Gov. Bevin appoints new University of Louisville board, renaming most from previous reorganization attempt
Subscribe and get the latest political intelligence delivered to your inbox.