FRANKFORT,
Ky. (June 27, 2024) — Unemployment rates rose in 109 counties between May
2023 and May 2024 and fell in six counties and remained the same in five
counties, according to the Kentucky Center for Statistics (KYSTATS), an agency
within the Kentucky Education and Labor Cabinet.
Cumberland and
Washington counties recorded the lowest jobless rates in the commonwealth at
3.4% each. They were followed by Woodford County, 3.5%; Anderson, Marion,
Shelby and Spencer counties, 3.6% each; and Carroll, Fayette and Oldham
counties, 3.7% each.
Martin County
recorded the state’s highest unemployment rate at 9.5%. It was followed by
Magoffin County, 9.4%; Breathitt County, 8.4%; Leslie County, 7.8%; Carter
County, 7.6%; Knott and Lewis counties, 7.5% each; and Clay, Elliott and
Johnson counties, 7.3% 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 4.5% for May 2024, and 3.7% for the nation.
Kentucky’s
seasonally adjusted May 2024 unemployment rate was
released on June 20, 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.
Learn more about
Kentucky labor market information here.