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Fri June 19, 2009
KY's jobless rate hits 26-year high
By Dan Modlin
Frankfort, KY – Kentucky's preliminary unemployment rate for May has jumped to its highest level in nearly 26 years. Kim Saylor Brannock of the Office of Employment and Training says the job losses are cutting across several sectors of the state's economy.
I would say it's being led by manufacturing but also trade, which of course is connected to manufacturing. It's really a ripple effect throughout all the sectors because they overlap each other.
Brannock says 95 thousand more Kentuckians were unemployed in May of this year than in May of last year. Kentucky's May jobless rate stands at 10 point 6 percent.