-
June 25, 2009 - Jobless rates
up in 120 counties from May 2008 to May 2009
-
June 22, 2009 - Kentucky
jobless rate jumps as employment drops in May
-
June 2, 2009 - Jobless rates up
in 120 counties from April 2008 to April 2009
-
May 26, 2009 - Kentucky’s
jobless rate remains at 9.8 percent in April
-
May 13, 2009 - State ready to
accept claims for extended unemployment benefits - ARRA will
fund up to 20 weeks of additional compensation
-
May 7, 2009 - Gov. Beshear
proclaims May Vocational Rehabilitation Job Placement Month
-
April 28, 2009 - Jobless rates
up in 120 counties from March 2008 to March 2009
-
April 17, 2009 - Kentucky’s
jobless rate jumps to 9.8 percent in March
-
April 1, 2009 - Jobless rates
up in 120 counties from February 2008 to February 2009
-
March 30, 2009 - Annual
jobless rates up in 110 Kentucky counties in 2008 compared to
2007
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March 26, 2009 - Kentucky’s
jobless rate jumps to 9.2 percent in February
-
March 19, 2009 - Jobless rates
up in 119 counties from January 2008 to January 2009
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March 12, 2009 - Kentucky’s jobless rate jumps to 8.7
percent in January
-
March 6, 2009 - Kentucky’s annual unemployment rate
increases to 6.4 percent for 2008
June 25, 2009 - Jobless rates up in 120 counties from May 2008
to May 2009
EDITOR’S NOTE: May’s preliminary and April’s revised county
unemployment rate charts are posted at
http://workforce.ky.gov/May09charts.pdf. Acrobat Reader is required
to view charts. To download Acrobat Reader, please see the end of
this news release.
FRANKFORT, Ky. —
Unemployment rates rose in all 120 Kentucky counties between May
2008 and May 2009, according to the Kentucky Office of Employment
and Training, an agency of the Kentucky Education and Workforce
Development Cabinet.
Fayette County recorded the
lowest jobless rate in the commonwealth at 7.7 percent. It was
followed by Woodford County, 7.8 percent; Calloway County, 8.2
percent; Oldham County, 8.3 percent; McCracken County, 8.6 percent;
Carlisle County, 8.7 percent; Boyd County, 8.8 percent; Bourbon and
Franklin counties, 9 percent each; and Ballard, Hickman and
Jessamine counties, 9.1 percent each.
Magoffin County recorded the state’s highest unemployment rate — 18
percent. It was followed by Jackson County, 17.4 percent; Trigg
County, 16.2 percent; Bath County, 16 percent; Powell County, 15.7
percent; Allen County, 15.1 percent; Butler County, 15 percent;
Menifee County, 14.7 percent; and Lewis and Monroe counties, 14.6
percent each.
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 statistics in this news release are
not seasonally adjusted to allow for comparisons between United
States, state and county figures.
return to list
June 22, 2009 - Kentucky jobless rate jumps as employment drops
in May
Editor’s Note:
Preliminary May and revised April labor market information are
included in this release.
FRANKFORT, Ky. — Kentucky’s trade, transportation and
utilities sector suffered the largest number of job losses (4,800)
in May 2009 as the state’s nonfarm employment decreased by 11,500
workers from April 2009 and fell by 85,300 professionals since last
May, according to the Office of Employment and Training (OET), an
agency of the Kentucky Education and Workforce Development Cabinet.
Kentucky’s seasonally
adjusted preliminary unemployment rate for May 2009 jumped to 10.6
percent from a revised 9.9 percent in April 2009. May 2009’s jobless
rate is 4.4 percentage points higher than the 6.2 percent rate
recorded in May 2008 and it matches the 10.6 percent reported in
October 1983.
The U.S. seasonally adjusted
jobless rate rose from 8.9 percent in April 2009 to 9.4 percent in
May 2009, according to the U.S. Department of Labor.
“In May 2009, Kentucky’s
economy continued to lose traction by suffering a 0.7 percentage
point increase in the unemployment rate, the second largest monthly
increase on records dating to January 1976. The trade,
transportation and utilities sector led the employment decline as
retailers, wholesalers and transportation companies cut back amid
weak demand for products,” said Dr. Justine Detzel, OET chief labor
market analyst.
Unemployment statistics are
based on estimates and are compiled to measure trends rather than
actually to count people working.
Seven of the 11 major
nonfarm North American Industry Classification System (NAICS) job
sectors reported an employment decrease in May 2009, while four
increased, according to OET. A decline of 11,500 jobs in May 2009
brought Kentucky’s nonfarm employment to a seasonally adjusted total
of 1,778,800.
“Since May 2008, Kentucky
non-farm employment has decreased by 85,300 professionals. This
marks the 15th month in a row of year-over-year employment decreases
and the largest year-over-year drop on records dating back to
January 1990. May 2009 is the second consecutive month and the fifth
time in the last six months that the year-over-year employment
decline set a record high,” said Detzel.
According to the seasonally
adjusted employment data, Kentucky’s trade, transportation and
utilities sector lost 4,800 jobs in May 2009. This area includes
retail and wholesale trade, transportation and warehousing
businesses and utilities. It is the largest sector in Kentucky with
368,900 employees. Since May 2008, the number of jobs in this sector
has fallen by 14,500.
“Weak demand for products
resulted in cutbacks at retailers, wholesalers and transportation
companies in May. As households retrench and rein in discretionary
expenditures, retail trade businesses, wholesale trade
establishments and transportation enterprises have been forced to
cut back,” said Detzel.
The number of jobs in the
professional and business services sector declined by 3,900
positions in May 2009. This area has lost 10,400 employees since May
2008. The professional and business services sector includes
professional, scientific and technical services, management of
companies and administrative and support and waste management,
including temporary help agencies.
The construction sector
recorded 2,700 fewer positions in May 2009. Since May 2008,
employment in the construction sector has plunged by 18,200
positions.
“This represents the sixth
decrease in employment in the last seven months, reflecting debility
in the residential construction industry,” Detzel said.
Kentucky’s manufacturing
sector lost 1,800 jobs in May 2009. Compared to May 2008, jobs in
the sector plummeted by 40,200.
“Job losses in May were
evenly distributed between the durable goods and nondurable goods
subsectors. Employment losses in the durable goods subsector reflect
layoffs at automobile manufacturers, the closings of multiple
automobile parts factories and a steel-fabrication plant closing,”
Detzel said.
“The durable goods subsector
accounted for the majority of the year-over-year employment decrease
reflecting the malaise resulting from the automobile slump impacting
Kentucky. Consumers, grappling with layoffs, tighter credit
conditions and declining household wealth, have developed a
reticence to opening their pocketbooks and wallets, choosing instead
to postpone purchases of long-lasting manufactured goods such as
automobiles.”
The financial activities
sector had 1,400 fewer positions in May 2009. This segment, which
includes businesses involved in finance, insurance, real estate and
property leasing or rental, has dropped 3,700 positions over the
past 12 months.
The state’s leisure and
hospitality sector reported an employment decrease of 1,100 jobs in
May 2009. Since May 2008, employment in the sector has increased by
500. The leisure and hospitality sector includes arts, entertainment
and recreation, accommodations and food services and drinking places
industries.
“Year-over-year job gains in
arts, entertainment and recreation businesses outweighed
year-over-year employment declines in the accommodation and food
services industry,” Detzel said. “The slow growth in the last year
is attributed to a decline in consumer spending. Stagnant wages,
rising food prices, a moribund stock market, declining home equity
and mounting job losses are straining household budgets and causing
consumers to splurge less on leisure activities and restaurant
meals.”
The information sector
recorded 200 fewer jobs in May 2009. This segment, which includes
firms involved in publishing, Internet activities, data processing,
broadcasting and news syndication, has lost 700 positions since May
2008.
The government sector, which
includes public education, public administration agencies and
state-owned hospitals, increased by 2,100 positions in May 2009. The
sector has 1,700 fewer jobs compared to May 2008.
The state’s other services
sector, which includes such establishments as repair and maintenance
businesses, personal and laundry services, religious organizations
and civic and professional organizations, added 1,300 jobs in May
2009. This sector had 1,200 fewer jobs in May 2009 than in May 2008.
The state’s educational and
health services sector rose by 900 jobs in May 2009. Since last May,
the number of jobs in this sector has increased by 2,500. This
sector includes private and nonprofit establishments that provide
either education and training or health care and social assistance
to their clients.
“Three new colleges opening
and expansions at four educational institutions in the last year
contributed to the rise in the number of jobs in the educational
services industry. General population growth and a longer life
expectancy help explain the continued expansion of health care
employment. In addition, as the baby boom generation ages, there is
an increased need for health services,” said Detzel.
The mining and logging
sector had 100 more jobs in May 2009. The sector has added 2,300
jobs since May 2008 because of hiring in the coal mining industry.
The U.S. Bureau of Labor
Statistics’ monthly estimate of the number of employed Kentuckians
for May 2009 was 1,856,129 on a seasonally adjusted basis. This
figure is down 15,340 from the 1,871,469 employed in April 2009, and
down 56,503 from the 1,912,632 employed in May 2008.
The monthly estimate of the
number of unemployed Kentuckians for May 2009 was 220,565, up 15,494
from the 205,071 Kentuckians unemployed in April 2009, and up 95,212
from the 125,353 unemployed in May 2008.
The monthly estimate of the
number of Kentuckians in the civilian labor force for May 2009 was
2,076,694. This figure is up 154 from the 2,076,540 recorded in
April 2009, and up 38,709 from the 2,037,985 recorded for May 2008.
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.
Kentucky’s statewide unemployment rate and employment levels are
seasonally adjusted. 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. However, because of the small sample size,
county unemployment rates are not seasonally adjusted.
return to list
June 2, 2009 - Jobless rates up in 120 counties from April 2008
to April 2009
EDITOR’S NOTE: April’s
preliminary and March’s revised county unemployment rate charts are
posted at http://workforce.ky.gov/April09Charts.pdf. Acrobat Reader
is required to view charts. To download Acrobat Reader, please see
the end of this news release.
FRANKFORT, Ky. — Unemployment rates rose in all 120
Kentucky counties between April 2008 and April 2009, according to
the Kentucky Office of Employment and Training, an agency of the
Kentucky Education and Workforce Development Cabinet.
Fayette and Woodford
counties recorded the lowest jobless rates in the commonwealth at
6.9 percent each. They were followed by Calloway County, 7.3
percent; Oldham County, 7.5 percent; Hickman County, 7.6 percent;
McCracken County, 7.7 percent; Boyd County, 7.8 percent; Pike
County, 8 percent; Carlisle County, 8.1 percent; and Franklin
County, 8.2 percent.
Magoffin County recorded the state’s highest unemployment rate —
16.7 percent. It was followed by Jackson County, 15.9 percent; Trigg
and Menifee counties, 15.8 percent each; Bath County, 15.2 percent;
Allen and Powell counties, 14.5 percent each; Butler County, 14.2
percent; McCreary County, 14.1 percent; and Lewis County, 13.9
percent.
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 statistics in this news release are
not seasonally adjusted to allow for comparisons between United
States, state and county figures.
return to list
May 26, 2009 - Kentucky’s jobless rate remains at 9.8 percent in
April
Editor’s Note:
Preliminary April and revised March labor market information are
included in this release.
FRANKFORT, Ky. — Kentucky’s seasonally adjusted
preliminary unemployment rate for April 2009 was unchanged from the
revised 9.8 percent in March 2009, according to the Office of
Employment and Training (OET), an agency of the Kentucky Education
and Workforce Development Cabinet. April 2009’s jobless rate is 3.7
percentage points higher than the 6.1 percent rate recorded in April
2008.
“Despite job losses across the board, Kentucky's unemployment rate
held steady in April 2009 at a 25-year high of 9.8 percent. This is
a result of individuals who have faced long-term unemployment
becoming discouraged and dropping out of the labor force,” said Dr.
Justine Detzel, OET chief labor market analyst.
The U.S. seasonally adjusted jobless rate rose from 8.5 percent in
March 2009 to 8.9 percent in April 2009, according to the U.S.
Department of Labor.
Unemployment statistics are based on estimates and are compiled to
measure trends rather than actually to count people working.
Two of the 11 major nonfarm North American Industry Classification
System (NAICS) job sectors reported an employment increase in April
2009, while eight decreased and one stayed the same, according to
OET. A decline of 8,000 jobs in April 2009 brought Kentucky’s
nonfarm employment to a seasonally adjusted total of 1,788,400.
Since April 2008, Kentucky’s nonfarm employment has plummeted by
72,500.
“This marks the fourteenth month in a row of year-over-year
employment decreases and the largest year-over-year drop on records
dating back to January 1990,” Detzel said.
According to the seasonally adjusted employment data, the
construction sector recorded 400 more positions in April 2009. Since
April 2008, employment in the construction sector has plunged by
13,600 positions.
“This represents the first employment increase since October 2008,
reflecting strength in heavy and civil engineering. An influx of
funds from the federal stimulus plan contributed to the public work
construction projects started in April 2009,” Detzel said.
The mining and logging sector had 200 more jobs in April 2009. The
sector has added 3,000 jobs since April 2008 because of hiring in
the coal mining industry.
The state’s other services sector, which includes such
establishments as repair and maintenance businesses, personal and
laundry services, religious organizations and civic and professional
organizations, remained at the same level from March 2009 to April
2009. This sector had 2,200 fewer jobs in April 2009 than April
2008.
Kentucky’s manufacturing sector lost 2,400 jobs in April 2009.
Compared to April 2008, jobs in the sector plummeted by 36,600.
“The durable goods subsector accounted for the majority of the
year-over-year employment decrease particularly in industries
connected to automobile manufacturing. The non-durable good
subsector also exhibited significant job losses, which is indicative
of layoffs across the board from food manufacturers to clothing
producers,” said Detzel.
The government sector, which includes public education, public
administration agencies and state-owned hospitals, decreased by
1,600 positions in April 2009. The sector has 4,000 fewer jobs
compared to April 2008.
The number of jobs in the professional and business services sector
declined by 1,600 positions in April 2009. This area has lost 7,000
employees since April 2008. The professional and business services
sector includes professional, scientific and technical services,
management of companies and administrative and support and waste
management, including temporary help agencies.
The state’s leisure and hospitality sector reported an employment
decrease of 1,500 jobs in April 2009. Since April 2008, employment
in the sector remained steady at 172,200. The leisure and
hospitality sector includes arts, entertainment and recreation,
accommodations and food services and drinking places industries.
The financial activities sector lost 700 positions in April 2009.
This segment, which includes businesses involved in finance,
insurance, real estate and property leasing or rental, has dropped
2,200 positions over the past 12 months.
Kentucky’s trade, transportation and utilities sector had 400 fewer
jobs in April 2009. This area includes retail and wholesale trade,
transportation and warehousing businesses and utilities. It is the
largest sector in Kentucky with 371,900 employees. Since April 2008,
the number of jobs in this sector has fallen by 11,400.
“Over the last year, consumers have been battered by job losses,
financial turmoil and a plunging stock market. As households
tightened their belts, retailers suffered declining sales, enacted
layoffs and closed underperforming stores. Job losses in the
transportation, warehousing, and utilities industry reflect
reductions at transportation companies, the closings of two
transportation businesses, layoffs at a warehouse, and three
warehouses closing,” said Detzel.
The state’s educational and health services sector decreased by 300
jobs in April 2009. Since last April, the number of jobs in this
sector has increased by 2,000. This sector includes private and
nonprofit establishments that provide either education and training
or health care and social assistance to their clients.
The information sector recorded 100 fewer jobs in April 2009. This
segment, which includes firms involved in publishing, Internet
activities, data processing, broadcasting and news syndication, has
lost 500 positions since April 2008.
The U.S. Bureau of Labor Statistics’ monthly estimate of the number
of employed Kentuckians for April 2009 was 1,871,433 on a seasonally
adjusted basis. This figure is down 5,988 from the 1,877,421
employed in March 2009, and down 40,562 from the 1,911,995 employed
in April 2008.
The monthly estimate of the number of unemployed Kentuckians for
April 2009 was 204,026, down 864 from the 204,890 Kentuckians
unemployed in March 2009, but up 79,823 from the 124,203 unemployed
in April 2008.
The monthly estimate of the number of Kentuckians in the civilian
labor force for April 2009 was 2,075,459. This figure is down 6,852
from the 2,082,311 recorded in March 2009, but up 39,261 from the
2,036,198 recorded for April 2008.
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.
Kentucky’s statewide unemployment rate and employment levels are
seasonally adjusted. 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. However, because of the small sample size,
county unemployment rates are not seasonally adjusted.
return to list
May 13, 2009 - State ready to accept claims for extended
unemployment benefits -
ARRA will fund up to 20 weeks of additional compensation
FRANKFORT, Ky. (May 13, 2009) – Education and Workforce
Development Secretary Helen Mountjoy today announced that Kentucky
is now prepared to accept claims for extended unemployment benefits.
The state has activated an Extended Benefits period triggering the
American Recovery and Reinvestment Act of 2009 (ARRA) to fund up to
an additional 20 weeks of unemployment insurance. This compensation
is for Kentucky workers who otherwise would have exhausted their
benefits.
Last month, Gov. Steve Beshear signed an emergency regulation to
allow the additional unemployment compensation for eligible
Kentuckians based on the Total Unemployment Rate criterion (TUR)
recommended by the federal government. Since that time, staff at the
Office of Employment and Training has received guidance from the
U.S. Department of Labor on how best to implement the new program.
Upgraded technology and necessary information is now in place to
begin accepting claims for extended benefits.
“In this tough economic climate, we must take advantage of available
resources that will assist the state’s unemployed workers.” Gov.
Beshear said. “This additional compensation will help them endure
these challenging times as we all work together to put Kentuckians
back to work.”
The Extended Benefits Program provides up to 20 additional weeks of
federally-funded unemployment insurance to workers who have
exhausted their 26 weeks of benefits through the state and the
additional 33 weeks provided through the federal emergency
extensions approved by Congress.
The Office of Employment and Training, located in Kentucky’s
Education and Workforce Development Cabinet, is in the process of
identifying and notifying by mail all individuals who are
potentially eligible, including those who may be retroactively
eligible, for the new benefits. The notifications include further
information on how to apply and the requirements of these benefits.
Details are also available at http://oet.ky.gov/.
Eligible claimants may now file online at https://uiclaims.des.ky.gov/ebenefit/
and should start receiving checks for extended benefits within three
weeks. Eligible claimants will receive payments retroactive to Feb.
22, 2009, or their date of federal emergency unemployment
compensation exhaustion, whichever is later.
Federal work-search requirements are more stringent for the Extended
Benefits Program. In order to qualify, claimants must document their
job searches and must seek work through personal contact on at least
two days of the week. Claimants cannot duplicate their contacts.
Failure to look for work or refusing suitable work offered may
disqualify claimants from receiving benefits.
The Extended Benefits Program is normally funded 50 percent from the
state Unemployment Insurance Trust Fund and 50 percent from the
federal unemployment fund. However, as a result of the Recovery Act,
federal funding will cover 100 percent of the costs.
return to list
May
7, 2009 - Gov. Beshear proclaims May Vocational Rehabilitation
Job Placement Month
FRANKFORT, Ky. — Gov. Steve Beshear has proclaimed May
Office of Vocational Rehabilitation (OVR) Job Placement Month to
celebrate the efforts of OVR staff in finding employment for people
with disabilities.
OVR Job Placement Program Coordinator Robin Ritter said OVR is
committed to the successful employment of individuals with
disabilities in today’s job market. “We have an array of job
placement services for individuals so that they can achieve suitable
employment and independence,” said Ritter. “We also provide
employers with qualified applicants and quality services to assist
them in their efforts to hire and retain a skilled workforce.
Employers tell us that hiring qualified persons with disabilities
makes good business sense, and that is why we are celebrating. It is
our opportunity to enhance our marketing efforts and show our
appreciation for our employers and consumers.”
OVR Executive Director Beth Smith said she is pleased that Gov.
Beshear once again recognized this service. “Our bottom line is
assisting people with disabilities in finding employment. Our
relationships with our employers are crucial to our success,” Smith
said. “This administration clearly understands the importance of our
front line staff in strengthening those relationships. I applaud our
staff for the work they do.”
Job placement is a statewide service of OVR that helps match
qualified job seekers with employers. The activities that are
planned for May will recognize and celebrate employer partnerships,
placement activities and accomplishments of persons with
disabilities in the workforce.
The Office of Vocational Rehabilitation, an agency of the Education
and Workforce Development Cabinet, assists Kentuckians with
disabilities achieve gainful employment and independence. For more
information about services, call the department toll free at
1-800-372-7172 or at 1-888-420-9874 (TDD) or visit the OVR Web site
at www.ovr.ky.gov.
The Kentucky Education and Workforce Development Cabinet coordinates
learning programs from P-16 and manages and supports training and
employment functions in the Department for Workforce Investment.
return to list
April 28, 2009 - Jobless rates up in 120 counties from March
2008 to March 2009
EDITOR’S NOTE: March’s
preliminary and February’s revised county unemployment rate charts
are posted at http://workforce.ky.gov/Mar09charts.pdf. Acrobat
Reader is required to view charts. To download Acrobat Reader,
please see the end of this news release.
FRANKFORT, Ky. —
Unemployment rates rose in all 120 Kentucky counties between March
2008 and March 2009, according to the Kentucky Office of Employment
and Training, an agency of the Kentucky Education and Workforce
Development Cabinet.
Fayette County recorded the
lowest jobless rate in the commonwealth at 7.4 percent. It was
followed by Woodford County, 7.7 percent; McCracken and Oldham
counties, 8.1 percent each; Calloway County, 8.2 percent; Boyd
County, 8.3 percent; Pike County, 8.5 percent; Jessamine County, 8.8
percent; and Franklin and Rowan counties, 8.9 percent each.
Menifee County recorded the
state’s highest unemployment rate — 18.1 percent. It was followed by
Bath County, 17.7 percent; Jackson County, 16.8 percent; Magoffin
County, 16.5 percent; Powell County, 15.6 percent; Cumberland
County, 15.4 percent; Trigg County, 15.3 percent; Butler County,
15.2 percent; Lewis County, 15 percent; and Wayne County, 14.8
percent.
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
statistics in this news release are not seasonally adjusted to allow
for comparisons between United States, state and county figures.
return to list
April 17, 2009 - Kentucky’s jobless rate jumps to 9.8 percent in
March
Editor’s Note:
Preliminary March and revised February labor market information are
included in this release.
FRANKFORT, Ky. — Kentucky’s seasonally adjusted preliminary
unemployment rate for March 2009 jumped to a 25-year high 9.8
percent from February 2009’s revised 9.3 percent, according to the
Office of Employment and Training (OET), an agency of the Kentucky
Education and Workforce Development Cabinet. The March rate was the
highest in Kentucky since the 9.9 percent jobless rate recorded in
January 1984.
“The 9.8 percent March 2009 unemployment rate is 3.9 percentage
points higher than the 5.9 percent rate recorded in March 2008,”
said Justine Detzel, OET chief labor market analyst.
The U.S. seasonally adjusted jobless rate rose from 8.1 percent in
February 2009 to 8.5 percent in March 2009, according to the U.S.
Department of Labor.
Unemployment statistics are based on estimates and are compiled to
measure trends rather than actually to count people working.
Five of the 11 major nonfarm North American Industry Classification
System (NAICS) job sectors reported an employment increase in March
2009, while five decreased and one stayed the same, according to
OET. A decline of 2,400 jobs in March 2009 brought Kentucky’s
nonfarm employment to a seasonally adjusted total of 1,798,500.
Since March 2008, Kentucky’s nonfarm employment has plunged by
62,700.
According to the seasonally adjusted employment data, Kentucky’s
trade, transportation and utilities sector added 1,600 jobs in March
2009. This area includes retail and wholesale trade, transportation
and warehousing businesses and utilities. It is the largest sector
in Kentucky with 374,800 employees. Since March 2008, the number of
jobs in this sector has fallen by 7,700.
“This represents the first month of employment gains in this sector
since August 2008. Retail trade businesses accounted for the rise in
the number of jobs, a sign of multiple store openings. In contrast,
the transportation, warehousing and utilities industry suffered
significant job losses in March 2009,” said Detzel.
The state’s leisure and hospitality sector reported an employment
increase of 1,400 jobs in March 2009. Since March 2008, employment
in the sector has increased by 1,100 positions. The leisure and
hospitality sector includes arts, entertainment and recreation,
accommodations and food services and drinking places industries.
“The majority of the employment gains in March 2009 occurred at
accommodation and food services enterprises, which is indicative of
numerous restaurant openings. The year-over-year job gains in this
sector are concentrated in arts, entertainment and recreation
businesses, which reflects a theater opening and an expansion at a
recreation facility,” said Detzel.
The state’s educational and health services sector rose by 1,200
jobs in March 2009. Since last March, the number of jobs in this
sector has increased by 3,600. This sector includes private and
nonprofit establishments that provide either education and training
or health care and social assistance to their clients.
The natural resources and mining sector had 100 more jobs in March
2009. The sector has added 3,100 jobs since March 2008 because of
hiring in the coal mining industry.
The state’s other services sector, which includes such
establishments as repair and maintenance businesses, personal and
laundry services, religious organizations and civic and professional
organizations, rose by 100 jobs in March 2009. This sector had 2,600
fewer jobs in March 2009 than March 2008.
The information sector recorded the same number of positions in
February 2009 and March 2009. This segment, which includes firms
involved in publishing, Internet activities, data processing,
broadcasting and news syndication, has lost 400 positions since
March 2008.
Kentucky’s manufacturing sector lost 2,700 jobs in March 2009.
Compared to March 2008, jobs in the sector plummeted by 36,900.
“Kentucky continues to lose manufacturing jobs at a significant
pace. This represents the 10th month in a row and the 12th time in
the last 13 months that industrial employment has fallen. The lion’s
share of these job losses occurred in the durable goods subsector,
particularly jobs associated with the automobile industry. Since
last March, Kentucky has experienced a 15 percent drop in the number
of manufacturing jobs,” Detzel said.
The number of jobs in the professional and business services sector
declined by 1,700 positions in March 2009. This area has lost 4,700
employees since March 2008. The professional and business services
sector includes professional, scientific and technical services,
management of companies and administrative and support and waste
management, including temporary help agencies.
“The job losses since last March are concentrated in administrative
and support management enterprises reflecting a prolonged period of
fragility in the employment services industry, but professional,
scientific and technical services businesses also exhibited job
losses during this period,” Detzel said.
The construction sector recorded 1,400 fewer positions in March
2009. Since March 2008, employment in the construction sector has
plunged by 12,200 positions.
“This is the fifth consecutive month of employment declines, which
is a sign of weakness in specialty trade contractors. The debility
in the housing market and financial difficulties halting
construction projects contributed to the contraction in this
sector,” Detzel said.
The financial activities sector recorded a loss of 900 positions in
March 2009. This segment, which includes businesses involved in
finance, insurance, real estate and property leasing or rental, has
dropped 2,000 positions over the past 12 months.
The government sector, which includes public education, public
administration agencies and state-owned hospitals, decreased by 100
positions in March 2009. The sector has 4,000 fewer jobs compared to
March 2008.
The U.S. Bureau of Labor Statistics’ monthly estimate of the number
of employed Kentuckians for March 2009 was 1,877,613 on a seasonally
adjusted basis. This figure is down 10,288 from the 1,887,901
employed in February 2009, and down 34,678 from the 1,912,291
employed in March 2008.
The monthly estimate of the number of unemployed Kentuckians for
March 2009 was 204,519, up 11,797 from the 192,722 Kentuckians
unemployed in February 2009, and up 85,410 from the 119,109
unemployed in March 2008.
The monthly estimate of the number of Kentuckians in the civilian
labor force for March 2009 was 2,082,132. This figure is up 1,509
from the 2,080,623 recorded in February 2009, and up 50,732 from the
2,031,400 recorded for March 2008.
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.
Kentucky’s statewide unemployment rate and employment levels are
seasonally adjusted. 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. However, because of the small sample size,
county unemployment rates are not seasonally adjusted.
return to list
EDITOR’S NOTE: February’s preliminary and January’s revised county
unemployment rate charts are posted at
http://workforce.ky.gov/Feb09charts.pdf.
Acrobat Reader is required to view
charts. To download Acrobat Reader, please see the end of this news
release.
April 1, 2009 - Jobless rates up in 120
counties from February 2008 to February 2009
FRANKFORT, Ky. — Unemployment rates rose in all 120
Kentucky counties between February 2008 and February 2009, according
to the Kentucky Office of Employment and Training, an agency of the
Kentucky Education and Workforce Development Cabinet.
Fayette County recorded the
lowest jobless rate in the commonwealth at 7.4 percent. Other
counties with comparatively low unemployment rates were Boyd County,
7.7 percent; Woodford County, 7.8 percent; Oldham County, 8 percent;
Pike County, 8.1 percent; Boone County, 8.3 percent; Campbell and
McCracken counties, 8.5 percent each; Calloway County, 8.6 percent;
and Franklin and Greenup counties, 8.7 percent each.
Menifee County recorded the state’s highest unemployment rate — 18.9
percent. It was followed by Bath County, 18.2 percent; Jackson
County, 16.7 percent; Powell County, 16.2 percent; Magoffin County,
15.8 percent; Grayson County, 15.4 percent; Cumberland and Trigg
counties, 15.3 percent each; Lewis County, 15 percent; and Allen
County, 14.8 percent.
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 statistics in this news release are
not seasonally adjusted to allow for comparisons between United
States, state and county figures.
return to list
March 30, 2009 - Annual jobless rates up in 110 Kentucky
counties in 2008 compared to 2007
EDITORS NOTE: 2008 county
unemployment rate charts are posted at
http://workforce.ky.gov/Ann2008chart.pdf. Acrobat Reader is required
to view charts. To download Acrobat Reader, please see the end of
this news release.
FRANKFORT, Ky. — Annual unemployment rates were higher in
110 Kentucky counties in 2008 than in 2007, while 10 counties were
lower, according to the Kentucky Office of Employment and Training
in the Kentucky Education and Workforce Development Cabinet.
In 2008, five Kentucky
counties had an annual jobless rate at or above 10 percent compared
to three counties that recorded double-digit rates in 2007.
Woodford and Fayette counties’ 4.8 percent annual jobless rates were
the lowest in the commonwealth in 2008. They were followed by Warren
County, 5.4 percent; Boone, Madison, Jessamine and Scott counties,
5.5 percent each; Oldham County, 5.6 percent; Daviess County, 5.7
percent; and Bourbon, Franklin, McCracken and Shelby counties, 5.8
percent each.
Jackson County recorded the state’s highest annual unemployment rate
in 2008 — 11.4 percent. It was followed by Magoffin County, 11
percent; Clay County, 10.3 percent; Grayson County, 10.1 percent;
Wolfe County, 10 percent; Morgan and Menifee counties, 9.8 percent
each; McCreary County, 9.6 percent; Lewis County, 9.4 percent; and
Bell County, 9.1 percent.
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 statistics in this news release are
not seasonally adjusted to allow for comparisons between United
States, state and counties figures.
return to list
March 26, 2009 - Kentucky’s jobless rate jumps to 9.2 percent in
February
Editor’s Note:
Preliminary February and revised January labor market information
are included in this release.
FRANKFORT, Ky. — Kentucky’s seasonally adjusted
preliminary unemployment rate for February 2009 swelled to 9.2
percent from January 2009’s revised 8.8 percent, according to the
Office of Employment and Training (OET), an agency of the Kentucky
Education and Workforce Development Cabinet. The February rate was
the highest in Kentucky since the 9.2 percent jobless rate recorded
in December 1986.
“Nearly every sector of Kentucky's economy suffered job losses in
February 2009 showcasing widespread economic weakness. Employment
declines reflect a prolonged manufacturing slump reverberating
throughout the economy, a financial crisis impaling multiple sectors
and causing delays and cutbacks in construction projects, and
retrenchment by consumers rippling through numerous industries,”
said Justine Detzel, OET chief labor market analyst.
The February 2009 unemployment rate is 3.6 percentage points higher
than the 5.6 percent rate recorded in February 2008. “This marks the
largest year-over-year increase in the unemployment rate since
Kentucky started keeping records in January 1976,” said Detzel.
The U.S. seasonally adjusted jobless rate rose from 7.6 percent in
January 2009 to 8.1 percent in February 2009, according to the U.S.
Department of Labor.
Unemployment statistics are based on estimates and are compiled to
measure trends rather than actually to count people working.
One of the 11 major nonfarm North American Industry Classification
System (NAICS) job sectors reported an employment increase in
February 2009, while nine decreased and one stayed the same,
according to OET. A decline of 12,900 jobs in February 2009 brought
Kentucky’s nonfarm employment to a seasonally adjusted total of
1,799,500. Since February 2008, Kentucky’s nonfarm employment has
plunged by 68,600.
“This marks the 12th month in a row of year-over-year employment
decreases and the largest year-over-year drop on records dating back
to January 1990. February 2009 is the second consecutive month the
year-over-year employment decline set a record high,” said Detzel.
According to the seasonally adjusted employment data, the natural
resources and mining sector rose by 300 in February 2009, making it
the only area to show an increase for the month. The sector has
added 3,100 jobs since February 2008 because of hiring in the coal
mining industry.
The information sector recorded the same number of positions in
January 2009 and February 2009. This segment, which includes firms
involved in publishing, Internet activities, data processing,
broadcasting and news syndication, has lost 500 positions since
February 2008.
On the negative side of the ledger, the construction sector recorded
3,700 fewer positions in February 2009. Since February 2008,
employment in the construction sector has plunged by 12,900
positions.
“Over the last year, Kentucky experienced a 15 percent decline in
the number of construction jobs,” Detzel said. “People are
postponing purchasing a home until they see the economy recovers and
credit conditions loosen.”
Kentucky’s manufacturing sector lost 2,400 jobs in February 2009.
Compared to February 2008, jobs in the sector shrunk by 34,300.
“At 218,100 positions, Kentucky has the lowest number of
manufacturing jobs on records starting in January 1990. February
represents the ninth month in a row and the 11th time in the last 12
months that industrial employment has fallen.
“Even Kentuckians who still have jobs are uncertain about the future
and less confident about their employment than a few years ago. In
this tight economy, consumers are scrutinizing every purchase and
contemplating ways to cut back,” Detzel said.
The state’s leisure and hospitality sector reported an employment
loss of 1,900 jobs in February 2009. Since February 2008, employment
in the sector has decreased by 2,000 positions. The leisure and
hospitality sector includes arts, entertainment and recreation,
accommodations and food services and drinking places industries.
“The majority of the employment losses in February 2009 occurred at
arts, entertainment and recreation enterprises. Multiple restaurant
closings account for the decrease in the number of professionals
employed in accommodation and food services companies.
“The year-over-year job losses are concentrated in arts,
entertainment, and recreation businesses, which is a sign of layoffs
at two spectator sports enterprises, cutbacks in the amusement,
gambling, and recreation industry, and a nightclub closing. However,
the accommodation and food services industry also exhibited a
sizable decline in employment, which is indicative of three hotels
closing, four beverage services companies closing, numerous
restaurant closings, and layoffs at other eateries,” Detzel said.
Kentucky’s trade, transportation and utilities sector dropped by
1,400 jobs in February 2009. This area includes retail and wholesale
trade, transportation and warehousing businesses and utilities. It
is the largest sector in Kentucky with 372,100 employees. Since
February 2008, the number of jobs in this sector has plummeted by
12,600.
“Wholesale trade businesses accounted for the lion’s share of the
decline in the number of jobs from January 2009 to February 2009, a
sign of layoffs at a distribution center. In addition, the
transportation, warehousing, and utilities industry suffered
significant job losses in February 2009. Weak demand for products
resulted in cutbacks at transportation companies,” said Detzel.
The state’s educational and health services sector dipped by 1,200
jobs in February 2009. Since last February, the number of jobs in
this sector has risen by 3,200. This sector includes private and
nonprofit establishments that provide either education and training
or health care and social assistance to their clients.
The financial activities sector recorded a decrease of 900 positions
in February 2009. This segment, which includes businesses involved
in finance, insurance, real estate and property leasing or rental,
has dropped 1,400 positions over the past 12 months.
The number of jobs in the professional and business services sector
declined by 700 positions in February 2009. This area has lost 4,300
employees since February 2008. The professional and business
services sector includes professional, scientific and technical
services, management of companies and administrative and support and
waste management, including temporary help agencies.
The state’s other services sector, which includes such
establishments as repair and maintenance businesses, personal and
laundry services, religious organizations and civic and professional
organizations, fell by 600 jobs in February 2009. This sector had
2,800 fewer jobs in February 2009 than February 2008.
The government sector, which includes public education, public
administration agencies and state-owned hospitals, decreased by 400
positions in February 2009. The sector has 4,100 fewer jobs compared
to February 2008.
The U.S. Bureau of Labor Statistics’ monthly estimate of the number
of employed Kentuckians for February 2009 was 1,887,890 on a
seasonally adjusted basis. This figure is down 142 from the
1,888,032 employed in January 2009, and down 28,164 from the
1,916,054 employed in February 2008.
The monthly estimate of the number of unemployed Kentuckians for
February 2009 was 191,987, up 10,084 from the 181,903 Kentuckians
unemployed in January 2009, and up 78,632 from the 113,355
unemployed in February 2008.
The monthly estimate of the number of Kentuckians in the civilian
labor force for February 2009 was 2,079,877. This figure is up 9,942
from the 2,069,935 recorded in January 2009, and up 50,468 from the
2,029,409 recorded for February 2009.
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.
Kentucky’s statewide unemployment rate and employment levels are
seasonally adjusted. 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. However, because of the small sample size,
county unemployment rates are not seasonally adjusted.
return to list
March 19, 2009 - Jobless rates up in 119 counties from January
2008 to January 2009
EDITOR’S NOTE: January’s
preliminary and December’s revised county unemployment rate charts
are posted at http://workforce.ky.gov/Jan09charts.pdf. Acrobat
Reader is required to view charts. To download Acrobat Reader,
please see the end of this news release.
FRANKFORT, Ky. — Unemployment rates rose in 119 Kentucky
counties between January 2008 and January 2009 and stayed the same
in Martin County, according to the Kentucky Office of Employment and
Training, an agency of the Kentucky Education and Workforce
Development Cabinet.
Fayette County recorded the lowest jobless rate in the commonwealth
at 6.3 percent. Other counties with comparatively lower unemployment
rates were Woodford County, 6.6 percent; Pike County, 7.1 percent;
Knott and McCracken counties, 7.6 percent each; Calloway, Jessamine
and Letcher counties, 7.7 percent each; Perry County, 7.8 percent;
and Boone, Boyd and Campbell counties, 7.9 percent each.
Menifee County recorded the state’s highest unemployment rate — 17.7
percent. It was followed by Bath County, 16.5 percent; Jackson and
Trigg counties, 15.6 percent each; Powell County, 15.4 percent;
Magoffin County, 14.3 percent; Lewis and Cumberland counties, 14.2
percent each; Grayson County, 14.1 percent; and Edmonson, Metcalfe
and Morgan counties, 13.9 percent each.
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 statistics in this news release are
not seasonally adjusted to allow for comparisons between United
States, state and county figures.
return to list
Editor’s Note: Preliminary
January and revised December labor market information are included
in this release.
March 12, 2009 - Kentucky’s jobless
rate jumps to 8.7 percent in January
FRANKFORT, Ky. — Kentucky’s seasonally adjusted
preliminary unemployment rate for January 2009 climbed to a 22-year
high 8.7 percent from December 2008’s revised 7.6 percent, according
to the Office of Employment and Training (OET), an agency of the
Kentucky Education and Workforce Development Cabinet. The January
rate was the highest in Kentucky since the 8.9 percent jobless rate
recorded in March 1987.
“The downturn in the Kentucky economy intensified in January 2009
causing the unemployment rate to increase 1.1 percentage points, the
largest monthly increase on records dating to January 1976. Extended
shutdowns at manufacturing plants combined with numerous layoffs and
plant closings lead to a 10,300 decrease in industrial employment,”
said Justine Detzel, OET chief labor market analyst.
The January 2009 unemployment rate is 3.2 percentage points higher
than the 5.5 percent rate recorded in January 2008. “This marks the
largest year-over-year increase in the unemployment rate since
September 1980,” said Detzel.
The U.S. seasonally adjusted jobless rate rose from 7.2 percent in
December 2008 to 7.6 percent in January 2009, according to the U.S.
Department of Labor.
Unemployment statistics are based on estimates and are compiled to
measure trends rather than actually to count people working.
Six of the 11 major nonfarm North American Industry Classification
System (NAICS) job sectors reported employment increases in January
2009, while five decreased, according to OET. A decline of 10,600
jobs in January 2009 brought Kentucky’s nonfarm employment to a
seasonally adjusted total of 1,813,200. Since January 2008,
Kentucky’s nonfarm employment has plummeted by 55,600.
According to the seasonally adjusted employment data, the number of
jobs in the professional and business services sector rebounded from
December 2008 and added 3,500 positions in January 2009. This area
had 3,100 fewer employees in January 2009 than in January 2008. The
professional and business services sector includes professional,
scientific and technical services, management of companies and
administrative and support and waste management, including temporary
help agencies.
“January 2009 marks the first time professional and business
services companies have exhibited employment gains since April 2008.
The majority of these employment advances occurred in administrative
and support management businesses. A fraction of this growth
represents an expansion at a support services center,” Detzel said.
“The year-over-year job losses are concentrated in administrative
and support management enterprises reflecting a prolonged period of
fragility in the employment services industry.”
The government sector, which includes public education, public
administration agencies and state-owned hospitals, gained 700
positions in January 2009. The sector has 3,900 fewer jobs compared
to January 2008.
The state’s educational and health services sector grew by 600 jobs
in January 2009. Since last January, the number of jobs in this
sector has risen by 4,000. This sector includes private and
nonprofit establishments that provide either education and training
or health care and social assistance to their clients.
“The year-over-year employment gains in health care and social
assistance companies reflect multiple home health agency openings, a
VA health center opening, three outpatient center openings, and a
medical complex opening. A new college opening in the last year
contributed to the rise in the number of jobs in the educational
services industry,” Detzel said.
The number of positions in the natural resources and mining sector
rose by 300 in January 2009. The sector has added 2,800 jobs since
January 2008 because of hiring in the coal mining industry.
The number of jobs in the financial activities sector increased by
300 positions in January 2009. This segment, which includes
businesses involved in finance, insurance, real estate and property
leasing or rental, has gained 400 positions over the past 12 months.
The state’s other services sector, which includes such
establishments as repair and maintenance businesses, personal and
laundry services, religious organizations and civic and professional
organizations, added 300 jobs in January 2009. This sector had 2,100
fewer jobs in January 2009 than January 2008.
Kentucky’s manufacturing sector reported the largest decline of any
sector in January 2009 with a loss of 10,300 jobs. Compared to
January 2008, jobs in the sector shrunk by 32,100.
“While the lion’s share of the decrease in manufacturing over the
month was in the durable goods subsector, nearly all areas have been
hit. Widespread losses in the automobile industry are rippling
throughout the sector and beyond,” said Detzel.
“In the last year, companies that produce durable goods have been
hemorrhaging jobs. This reflects the malaise resulting from the
automobile slump impacting Kentucky. Consumers are postponing
purchases of long-lasting manufactured goods such as cars,
appliances and furniture until the tide turns in the economy. In
addition, non-durable goods manufacturers are detrimentally affected
by consumers curtailing spending on non-necessities in an effort to
cope with rising prices,” she said.
Kentucky’s trade, transportation and utilities sector fell by 3,000
jobs in January 2009. This area includes retail and wholesale trade,
transportation and warehousing businesses and utilities. It is the
largest sector in Kentucky with 373,300 employees. Since January
2008, the number of jobs in this sector has plummeted by 11,600.
“Year-over-year job losses were concentrated in retail trade
enterprises and transportation, warehousing, and utilities
businesses,” Detzel said. “Over the last year, consumers have been
battered by job losses, financial turmoil, and a plunging stock
market. As households tightened their belts, retailers suffered
declining sales, enacted layoffs, and closed underperforming stores.
Job losses in the transportation, warehousing, and utilities
industry reflect reductions at transportation companies, the
closings of two transportation businesses and a warehouse closing.”
The construction sector recorded 2,500 fewer positions in January
2009. Since January 2008, employment in the construction sector has
plunged by 10,000 positions.
“Over the year, the maladies in the housing market, tighter credit
delaying construction projects and the closings of a residential
construction firm and an electrical contractors company factored
into the job losses in this industry,” Detzel said.
Kentucky’s leisure and hospitality sector reported an employment
loss of 300 jobs in January 2009. Since January 2008, employment in
the sector has added 700 positions. The leisure and hospitality
sector includes arts, entertainment and recreation, accommodations
and food services and drinking places industries.
The information sector dropped by 200 jobs in January 2009. This
segment, which includes firms involved in publishing, Internet
activities, data processing, broadcasting and news syndication, has
lost 600 positions since January 2008.
The U.S. Bureau of Labor Statistics’ monthly estimate of the number
of employed Kentuckians for January 2009 was 1,888,102 on a
seasonally adjusted basis. This figure is down 17,326 from the
1,905,428 employed in December 2008, and down 29,557 from the
1,917,659 employed in January 2008.
The monthly estimate of the number of unemployed Kentuckians for
January 2009 was 180,393, up 23,603 from the 156,790 Kentuckians
unemployed in December 2008, and up 69,844 from the 110,549
unemployed in January 2008.
The monthly estimate of the number of Kentuckians in the civilian
labor force for January 2009 was 2,068,495. This figure is up 6,277
from the 2,062,218 recorded in December 2008, and up 40,287 from the
2,028,208 recorded for January 2008.
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.
Kentucky’s statewide unemployment rate and employment levels are
seasonally adjusted. 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. However, because of the small sample size,
county unemployment rates are not seasonally adjusted.
return to list
March 6, 2009 - Kentucky’s annual unemployment rate increases to
6.4 percent for 2008
FRANKFORT, Ky. —
Kentucky’s annual unemployment rate jumped from 5.5 percent in 2007
to 6.4 percent in 2008, the highest annual jobless rate in Kentucky
since 1993 when it also was 6.4 percent, according to the Office of
Employment and Training (OET), an agency of the Kentucky Education
and Workforce Development Cabinet.
The U.S. unemployment rate climbed to 5.8 percent in 2008, making it
the highest annual U.S. unemployment rate since 2003 when it was 6
percent. The U.S. annual unemployment rate was 4.6 percent in 2007.
“Over the last year, the recession took a toll on the Kentucky
economy causing its annual unemployment rate to increase 0.9
percentage point to 6.4 percent. The job losses were lead by a sharp
decline in industrial employment, reflecting the manufacturing
slump, and significant decreases in the trade, transportation, and
utilities sector, which is indicative of retrenchment by consumers,”
said Justine Detzel, chief labor market analyst in OET.
Kentucky tied with Oregon and Tennessee for the 11th highest annual
unemployment rate among all states and the District of Columbia in
2008. Kentucky was one of 17 states plus the District of Columbia
that reported annual unemployment rates above the U.S. annual rate
in 2008, while 33 states were lower than the national annual average
in 2008.
Annual unemployment rates declined in one state, rose in 46 states
and the District of Columbia, and remained unchanged in three states
from 2007 to 2008. South Dakota posted the lowest 2008 annual
jobless rate in the country at 3 percent while Michigan had the
highest annual rate at 8.4 percent.
In 2008, Kentucky’s non-farm payroll (agriculture and self-employed
jobs excluded) decreased by 12,700 to 1,854,000 employees making it
the second highest number of non-farm jobs in Kentucky’s history.
“This is the first time in five years Kentucky has lost jobs. A net
total of 101,300 non-farm jobs have been added over the past 10
years,” Detzel said.
Four of Kentucky’s 11 major nonfarm job sectors listed in the North
American Industry Classification System (NAICS) showed employment
growth in 2008, while seven reported losses.
According to the annual employment data, educational and health
services rose by 3,600 jobs in 2008 and has surged by 44,700 in the
last 10 years. Within this sector, health care and social assistance
industries, such as hospitals, nursing and residential care
facilities and social assistance businesses, added 4,000 jobs in
2008 and have expanded by 39,800 jobs or 23 percent in the past 10
years. Educational services in this sector include employees at
private elementary, secondary and postsecondary schools along with
other establishments that provide instruction and training.
“General population growth and a longer life expectancy help explain
the continued expansion of health care employment. In addition, as
the baby boom generation ages there is an increased need for health
services,” said Detzel. “Health care jobs alone, excluding social
assistance jobs, have grown 13,700 over the past five years.”
The natural resources and mining sector increased by 1,700 jobs in
2008 and gained 1,000 jobs since 1998. Other industries included in
the sector are forestry; oil and gas extraction; and support
activities for mining.
“Coal mining, which makes up about 70 percent of this sector, gained
1,300 jobs in 2008. With the rise in gas prices during the first
half of the year, there was an increased interest in coal and in
clean-coal technology,” Detzel said.
Financial activities, a sector that includes finance and insurance,
and real estate, rental and leasing, reported 900 more positions in
2008. In the last decade, the sector has expanded by 14,100
positions.
The state’s leisure and hospitality sector rose by 400 positions in
2008 and 24,300 jobs or 16 percent in the last decade with the
majority in accommodation and food services businesses. Within the
sector are arts, entertainment and recreation, and accommodation and
food services.
“The slow rate of growth in the last year is attributed to a decline
in consumer spending. Stagnant wages, rising food prices, a moribund
stock market, declining home equity and mounting job losses are
straining household budgets and causing consumers to splurge less on
leisure activities and restaurant meals,” Detzel said.
On the down side, Kentucky’s manufacturing sector plummeted by
10,700 jobs in 2008 for a total of 245,000 positions. In the last 10
years, the manufacturing sector has reported 61,500 fewer jobs.
“This is the eighth straight year the manufacturing sector has
experienced employment losses, and there was a significant uptick in
the pace of job losses in 2008. Last year, manufacturing faced the
largest number of jobs lost since 2002. The majority of these
employment losses occurred in the durable goods subsector,” said
Detzel.
Within the durable goods subsector, wood product manufacturing
firms, machinery, appliances, equipment, and parts production
companies, and transportation equipment establishments together
accounted for the loss of 7,300 professionals.
“With the rising uncertainty regarding the health of the economy,
sliding housing values and credit more difficult to obtain,
consumers have become reluctant to purchase big ticket items such as
automobiles. In addition to the anemic job market, quality
improvements, which extend the life of a vehicle, have curbed the
demand for automobiles. The woes of the automobile industry are
reverberating through Kentucky’s economy with shock waves felt by
employees, automobile parts suppliers, and non-manufacturing
enterprises such as railroads and trucking companies faced with a
reduction of cargo,” Detzel said.
While most of the over-the-year job decreases were seen in the
durable goods subsector, nearly all manufacturers have been hit by a
constricting economy. Manufacturers of non-durable goods, such as
clothing, have been detrimentally affected by consumers curtailing
spending on non-necessities in an effort to cope with rising prices,
said Detzel.
In the last 10 years, the manufacturing sector has shrunk by 20
percent. While the employment decrease was concentrated in the
durable goods subsector, both the durable goods and non-durable
goods subsectors have faced sizable employment losses in the past
decade, said Detzel.
“Most of the job losses in the non-durable goods subsector occurred
in the apparel industry, which has declined by 13,700 positions over
the past decade and by 400 professionals in the last year. Overall,
there has been an 81 percent drop in the total number of apparel
industry jobs in Kentucky in the last 10 years,” Detzel said.
The trade, transportation and utilities sector dropped 4,300 jobs in
2008 but added 12,700 over the past 10 years. It is the largest
Kentucky sector with a total of 381,800 jobs. Within the sector,
transportation, warehousing and utilities businesses decreased by
1,500 jobs, retail trade tumbled by 2,300, and wholesale trade fell
by 600.
“As households retrench and rein in discretionary expenditures,
retail trade enterprises have been forced to cut back. Together,
trucking and warehousing and wholesale trade recorded job losses of
800 last year. The close ties between trucking and warehousing and
wholesale trade were evident in 2008 as both categories suffered job
losses. Trucking activity is often considered a good cyclical
indicator because employment fluctuations reflect the demand for
goods. In the last year, weak demand for products resulted in
reductions at transportation companies and the closing of a trucking
business,” Detzel said.
Kentucky’s professional and business services, a sector that
includes professional, scientific and technical services, management
of companies, and administrative and support management, had 1,200
fewer jobs in 2008. This category also includes temporary help
agencies that provide workers to other businesses on a contractual
basis. In the last 10 years, the sector has ballooned by 37,600 jobs
or 26 percent.
“Within the sector, the employment services industry plummeted by
6,400 professionals between 2007 and 2008, reflecting the
recessionary economy in Kentucky. Since the temporary help industry
supplies labor to a wide variety of industries, it is a good
barometer of what is occurring across the labor market,” said
Detzel.
The state’s construction sector had 1,200 fewer jobs in 2008. The
sector has gained 600 jobs in the last 10 years. “The majority of
these employment losses occurred in the construction of buildings
industry. The maladies in the housing market, tighter credit
delaying or halting construction projects and the closings of a
residential construction firm and electrical contractors company
contributed to the contraction in this sector,” said Detzel.
Other services, a sector that includes repair and maintenance;
personal and laundry services; and religious, civic, and
professional organizations fell by 800 jobs in 2008. It has gained
500 jobs in the last 10 years.
The government sector experienced a decrease of 800 jobs in 2008. In
the last 10 years, the sector has increased by 27,900 positions.
“The over-the-year contraction in the government sector was driven
by employment losses of 2,100 professionals in state government,
reflecting the budget crunch facing Kentucky. In addition, there
were 300 fewer positions in local government which is indicative of
job cuts at elementary and secondary public schools,” Detzel said.
The information sector, which includes establishments involved in
publishing, Internet activities, data processing, broadcasting and
news syndication, lost 100 positions in 2008. It is down by 100 jobs
compared to 1998.
The U.S. Bureau of Labor Statistics’ estimate of the number of
employed Kentuckians for 2008 was 1,911,240. This figure is down
12,231 from the 1,923,471 employed in 2007 but up 78,465 from 1998’s
total level of employment at 1,832,775.
The estimate of the number of unemployed Kentuckians for 2008 was
131,675, up 18,687 from the 112,988 unemployed in 2007 and up of
44,158 from 87,517 in 1998.
The estimate of the number of Kentuckians in the civilian labor
force for 2008 was 2,042,915. This is up 6,456 from the 2,036,459
recorded in 2007 and up 122,623 persons from 1,920,292 in 1998.
Unemployment statistics are based on estimates and are compiled to
measure trends rather than actually to count the number of 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.
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