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Local unemployment rates lower month-to-month for Apr 2023
From Mike Clark/Kim Saylor Brannock
Frankfort, KY - Unemployment rates fell in 78 counties between April 2022 and April 2023, rose in 25, and stayed the same in 17 counties, according to the Kentucky Center for Statistics (KYSTATS), an agency of the Kentucky Education and Labor Cabinet.
Locally, unemployment rates dropped month-to-month in Adair and all surrounding counties. Comparing year-to-year, unemployment rates were unchanged in Adair and Casey Counties, down in Green, Metcalfe, and Taylor, and up slightly in Cumberland and Russell Counties.
Woodford County recorded the lowest jobless rate in the commonwealth at 2.4%. It was followed by Caldwell, Carroll and Oldham counties, 2.5% each; and Anderson, Fayette, Henry, Nelson, Scott, Shelby, Spencer and Washington counties, 2.6% each.
Magoffin County recorded the state's highest unemployment rate at 8.5%. It was followed by Lewis County, 7.3%; Martin County, 6.9%; Elliott County, 6.7%; Carter County, 6.5%; Breathitt County, 5.8%; Greenup County, 5.7%; Johnson County, 5.6%; and Knott and Letcher counties, 5.4% each.
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 3.2% for April 2023, and 3.1% for the nation.
Kentucky's seasonally adjusted April 2023 unemployment rate was released on May 18, 2023, and can be viewed here: https://www.kentucky.gov/Pages/Activity-stream.aspx?n=EducationCabinet&prId=616.
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 2023-05-25 10:36:40
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