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Local unemployment rates fell in August 2022
From Mike Clark/Gabe Tomlin
Frankfort, KY - Unemployment rates fell in 111 counties between August 2021 and August 2022, rose in six, and stayed the same in three according to the Kentucky Center for Statistics (KYSTATS), an agency of the Kentucky Education and Labor Cabinet.
Locally, unemployment rates fell both month-to-month and year-to-year in Adair and surrounding counties.
Oldham County recorded the lowest jobless rate in the commonwealth at 2.6%. It was followed by Cumberland County, 2.7%; Scott and Woodford counties, 2.8% each; Henry and Shelby counties, 2.9% each; Boone, Fayette, Harrison and Spencer counties, 3% each; and Anderson, Bullitt, Jessamine, Pendleton and Washington counties, 3.1% each.
Magoffin County recorded the state's highest unemployment rate at 11.7%. It was followed by Martin County, 8.9%; Breathitt County, 8.5%; Elliott County, 8.2%; Carter County, 7.9%; Leslie County, 7.5%; Owsley County, 7.3%; Lewis County, 7.2%; Harlan County, 6.9%; and Knott County, 6.5%.
Kentucky's county unemployment rates and employment levels are not seasonally adjusted because of small sample sizes. Employment statistics undergo sharp fluctuations due to seasonal events such as weather changes, harvests, holidays, and school openings and closings. Seasonal adjustments eliminate these influences and make it easier to observe statistical trends. The comparable, unadjusted unemployment rate for the state was 3.7% for August 2022, and 3.8% for the nation.
Kentucky's seasonally adjusted August 2022 unemployment rate was released on Sept. 15, 2022, and can be viewed at https://kentucky.gov/Pages/Activity-stream.aspx?n=EducationCabinet&prId=581.
In that release, Kentucky's statewide unemployment rate and employment levels are adjusted to observe statistical trends by removing seasonal influences such as weather changes, harvests, holidays, and school openings and closings. For more information regarding seasonal fluctuations, visit the U.S. Bureau of Labor Statistics at https://www.bls.gov/cps/cps_htgm.htm#why.
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 data should only be compared to the same month in previous years.
This story was posted on 2022-09-22 13:02:43
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