| Kentucky Jobless Rate Rises in July 2008 |
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| August 21, 2008 |
UPDATE: West Kentucky Counties lose ground according to recent report
The Kentucky Labor Force Estimates show every county in West Kentucky above the 6% national unemployment average and over 60% of WKY counties equal to or higher than the statewide average of 6.8% (which has been adjusted upward since our report last week).
Counties with Highest Rates of Unemployment in WKY- Muhlenberg 9.9%, Christian 9.0%, Monroe 8.6%, Caldwell 8.3%, Butler 8.2%, Hopkins 8.1%, Todd 8.1%, McLean 8.0%, Edmonson 7.9%, Metcalfe 7.9%
Counties with Lowest Rates of Unemployment in WKY- Livingston 6.0%, Ballard 6.1%, McCracken 6.2%, Webster 6.2%, Warren 6.2%, Daviess 6.3%, Marshall 6.4%, Henderson 6.4%, Carlisle 6.4%, Simpson 6.5%
WHAT A DIFFERENCE A YEAR MAKES!
According to the Kentucky Education and Workforce Development press release:
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In July 2007, the jobless rate was 5.5%. In July 2008, it’s 6.7%
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From July 2007 to July 2008, government jobs have risen 11,700 jobs.
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Professional and business services, which includes temp services, added 700 jobs in the last year.
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Since July 2007, jobs in retail, wholesale, transportation and utilities have “jumped” (their verb, not ours) 6,400 jobs.
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Education and health services added 400 jobs in July 2008, but over the past year has lost 500 jobs.
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Food services and hotel/motels added 700 jobs in the past year.
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The financial sector lost 300 jobs in the month of July 2008. Over the past year, this sector has lost 400 jobs.
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Real estate jobs have dropped by 300 over last year.
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Natural resources and mining also lost 300 jobs.
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Construction jobs were down by 700 jobs in the month of July 2008.
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Information services, publishing, broadcasting, internet has lost 500 jobs in a year, including 100 in the month of July 2008.
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Other employment areas- repair/maintenance, religious organizations, laundries lost 1100 jobs since July 2007.
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There are 2,037,254 Kentuckians in the workforce. That’s 4574 fewer workers June 2008 and 6604 fewer than last year at this time.
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