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Showing 1 articles from July 16, 2009.

FrontPage News

June job losses the worst since 1983- every county loses jobs in past year
UPDATE: 7/23/09 - All 120 Kentucky counties lost jobs from June 2008 - June 2009. Some counties fared better than others. Fayette County recorded the lowest jobless rate in the Commonwealth at 8.5 percent. It was followed by Woodford and Ballard counties, 8.6 percent each; Oldham County, 8.9 percent; Calloway and McCracken counties, 9.2 percent each; Webster County, 9.4 percent; Boyd County, 9.5 percent; and Carlisle and Franklin counties, 9.6 percent each.
            Magoffin County recorded the state’s highest unemployment rate — 18.8 percent. It was followed by Jackson County, 18 percent; Metcalfe County, 16.5 percent; Powell, Lewis and Bath counties, 16.3 percent each; Menifee County, 15.9 percent; Trigg County, 15.8 percent; Butler County, 15.6 percent; and Carter County, 15.5 percent.

The Education and Workforce Development Cabinet released preliminary June and revised May employment estimates today. There is a little good news  and a lot more bad news.
  • Kentucky’s seasonally adjusted preliminary unemployment rate for June 2009 reached a near 26-year high of 10.9 percent from a revised 10.7 percent in May 2009.
  • The economy continued to deteriorate as almost every sector endured job losses.
  • June 2009’s jobless rate was the highest since the August 1983 figure of 11.1 percent.
  • Manufacturing was the hardest hit. 3,100 jobs were lost in the month of June. Compared to a year ago, manufacturing has lost 39,700 jobs.
  • Monthly estimate of unemployed Kentuckians for June, 2009 is 226,122. That’s more than 96,338 Kentuckians out of work than one year ago.
  • Number of jobs in trade, transportation and utilities shrank by 1,700 jobs in a month. Over the past year, 15,700 jobs have been lost.
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