jobless rate

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The Kentucky unemployment rate is now on par with the national average. The July jobless rate dipped to 4.9% from 5% in June., from pdf

Kentucky unemployment rates are on the rise. According to the Kentucky Office of Employment and Training and Kentucky Labor Market Information between March 2015 and March 2016 rates rose in 65 counties, fell in 37 and stayed the same in 18.

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New numbers from the Kentucky Education and Workforce Development Cabinet show jobless rates in 119 counties fell in May compared to the previous year.  

Obion County Unemployment Rate Improves

May 27, 2013

Obion County is no longer among the top-10 Tennessee counties with the highest  unemployment rates.

The state’s April job figures indicate that, for the first time in almost two years, the county’s 11.5 percent jobless rate is just outside the worst in the state.

Obion’s higher percentages are due mainly to the Goodyear plant closure in Union City two years ago. The tire manufacturer was the county’s largest employer with almost 2,000 jobs.

Kentucky’s unemployment rate dropped below 9 percent for the first time in three years in 2012. Since then it’s averaged 8.4 percent. But the job market has grown more than that number suggests.

As of the end of November, Kentucky had added 35,000 new jobs in 2012. Kentucky Office of Employment and Training economist Manoj Shanker says that’s a huge number. But he says unemployment rates haven’t dropped very quickly because as news gets better, people who haven’t been looking start re-entering the workforce.