FRANKFORT, Ky. (Oct. 26, 2023) —
Unemployment rates rose in 119 counties between September 2022 and September
2023, and fell in Hancock County, according to the Kentucky Center for
Statistics (KYSTATS), an agency of the Kentucky Education and Labor Cabinet.
Woodford County
recorded the lowest jobless rate in the commonwealth at 3.2%. It was
followed by Carroll County, 3.3%; Fayette, Marion, Nelson, Oldham, Scott and
Shelby counties, 3.4% each; and Anderson, Boone, Cumberland, Spencer and
Washington counties, 3.5% each.
Magoffin County
recorded the state’s highest unemployment rate at 9%. It was followed by Martin
County, 8.9%; Elliott County, 7.5%; Leslie and Owsley counties, 7.4% each;
Breathitt County, 7.3%; Carter and Harlan counties, 6.9%; Letcher County, 6.7%;
and Clay and Lewis counties, 6.6% 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 4.1% for
September 2023, and 3.6% for the nation.
Kentucky’s
seasonally adjusted September 2023 unemployment rate was
released on Oct. 19, 2023, 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.
Learn more about
Kentucky labor market information here.