Kentucky’s Education and Workforce Development Cabinet reports the state’s January unemployment rate has come in at five and a half percent, below the five point seven percent national average. Economist Manoj Shanker with the Office of Employment and Training says after annual revisions, this marks the sixth straight month Kentucky’s jobless rate has been lower than the national number. He says the last time the Commonwealth posted a lower percentage than the U.S. was in 1995.
The Kentucky Office of Unemployment and Training reported Wednesday that the jobless rate for the state fell to 8.6 percent in March, from 8.7 percent in February. The rate was 1.1 percentage points below the March 2011 rate. The March numbers mark the ninth consecutive month the jobless rate has declined. The largest job gains were seen in transportation and utilities with an increase of 1,900 jobs, followed by the leisure and hospitality sector with 1,800. The manufacturing and construction sector both reported job losses in March.