FRANKFORT,
Ky. (Nov. 21, 2024) — Unemployment rates rose in 118 counties between
October 2023 and October 2024, fell in Christian County, and stayed the same in
Todd County, according to the Kentucky Center for Statistics (KYSTATS), an
agency within the Kentucky Education and Labor Cabinet.
Cumberland County
recorded the lowest jobless rate in the commonwealth at 3.5%. It was
followed by Woodford County, 3.6%; Carroll, Fayette, Oldham and Scott counties,
3.8% each; Shelby County, 3.9%; and Anderson, Boone, Jessamine and Spencer
counties, 4% each.
Martin County
recorded the state’s highest unemployment rate at 10.6%. It was followed by
Magoffin County, 10.1%; Breathitt and Harlan counties, 8.9% each; Leslie
County, 8.4%; Elliott County, 8%; Letcher County, 7.8%; Knott and Owsley
counties, 7.6% each and Clay County, 7.5%.
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 4.7% for October 2024, and 3.9% for the
nation.
Kentucky’s
seasonally adjusted October 2024 unemployment rate was
released on Nov. 14, 2024, and can be viewed here.
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.