FRANKFORT,
Ky. (Jan. 9, 2024) — Unemployment rates rose in 119 counties between
November 2023 and November 2024, and fell in Russell County, according to the
Kentucky Center for Statistics (KYSTATS), an agency within the Kentucky
Education and Labor Cabinet.
Woodford County
recorded the lowest jobless rate in the commonwealth at 3.6%. It was
followed by Cumberland County, 3.8%; Marion, Scott and Washington counties,
3.9% each; and Carroll, Fayette, Oldham, Shelby and Spencer counties, 4% each.
Martin County
recorded the state’s highest unemployment rate at 11.8%. It was followed by
Magoffin County, 9.9%; Harlan County, 9.3%; Breathitt County, 8.9%; Leslie
County, 8.7%; Elliott County, 8.6%; Lewis County, 8.2%; Clay County, 8.1%;
Letcher County, 8%; and Knott and Owsley counties, 7.9% each.
Kentucky’s county
unemployment rates and employment levels are not seasonally adjusted because of
small sample sizes. Employment statistics undergo sharp fluctuations due to
seasonal events such as weather changes, harvests, holidays, and school
openings and closings. Seasonal adjustments eliminate these influences and make
it easier to observe statistical trends. The comparable, unadjusted
unemployment rate for the state was 4.8% for November 2024, and 4% for the
nation.
Kentucky’s
seasonally adjusted November 2024 unemployment rate was
released on Dec. 19, 2024, and can be viewed here. The state’s seasonally adjusted
unemployment rate increased from October to November 2024. This increase is due
to more workers entering the labor force and searching for a job rather than
fewer workers being employed. On a seasonally adjusted basis, both the number
of people in the labor force and the number of people employed in Kentucky
increased in November 2024.
In that release,
Kentucky’s statewide unemployment rate and employment levels are
adjusted to observe statistical trends by removing seasonal influences
such as weather changes, harvests, holidays, and school openings and
closings. For more information regarding seasonal fluctuations, visit the
U.S. Bureau of Labor Statistics here.
Unemployment
statistics are based on estimates and are compiled to measure trends rather
than actually to count people working. Civilian labor force statistics include
non-military workers and unemployed Kentuckians who are actively seeking work.
They do not include unemployed Kentuckians who have not looked for employment
within the past four weeks. The data should only be compared to the same month
in previous years.
Learn more about
Kentucky labor market information here.