FRANKFORT, Ky. (Oct. 20, 2022) —Kentucky’s seasonally adjusted preliminary September 2022
unemployment rate was 3.8%, according to the Kentucky Center for Statistics
(KYSTATS), an agency within the Kentucky Education and Labor Cabinet (KELC).
The preliminary September 2022
jobless rate was unchanged from August 2022 but was down 0.9 percentage points
from the 4.7% recorded for the state one year ago.
The U.S. seasonally adjusted
jobless rate for September 2022 was 3.5%, which was down 0.2 percentage points
from August 2022, according to the U.S. Department of Labor.
Labor force statistics, including
the unemployment rate, are based upon estimates from the Current Population
Survey of households. The survey is designed to measure trends in the number of
people working and includes jobs in agriculture and individuals who are
self-employed.
Kentucky’s civilian labor force was
2,062,157 in September 2022, a decrease of 839 individuals from August 2022.
The number of people employed in September decreased by 634 to 1,984,070 while
the number of unemployed decreased by 205 to 78,087.
In a separate federal survey of
business establishments that excludes jobs in agriculture and people who are
self-employed, Kentucky’s seasonally adjusted nonfarm employment rose by 15,000
jobs in September 2022 compared to August 2022. Kentucky’s nonfarm employment
was up 81,700 jobs or 4.3% compared to September 2021.
“The household survey suggests
there was little change in Kentucky’s labor market over the past few months,”
said University of Kentucky’s Center for Business and Economic Research (CBER)
Director Mike Clark, Ph.D. “The number of people in the labor force and the
number unemployed has been stable. However, the survey of employers showed that
employers are still adding workers to their payrolls. Combined, these surveys
suggest Kentucky’s labor market remains tight.”
Nonfarm data is provided by the
Bureau of Labor Statistics’ Current Employment Statistics
program. According to the survey, employment increased for eight of
Kentucky’s major nonfarm North American Industry Classification System (NAICS)
job sectors in September 2022, decreased for two, and was unchanged for one.
“Kentucky’s September employment
growth was led by strong gains in state and local government jobs,” said Clark.
“However, the private sector also experienced healthy job growth with most
sectors reporting higher employment levels in September. The two sectors that
reported lower employment in September -manufacturing and construction-
generally tend to fluctuate month-to-month.”
Government sector employment
increased by 8,800 jobs from August 2022 to September 2022. Employment was up
by 300 jobs in the federal government; rose by 4,300 jobs in state government;
and up 4,200 jobs in local government. Employment in the total government sector
grew by 11,800 positions or 4% compared to September 2021.
The trade, transportation and
utilities sector added 2,600 positions from August 2022 to September 2022.
Employment increased by 1,500 jobs in the retail trade subsector; 100 jobs in
the wholesale trade subsector; and 1,000 jobs in the transportation,
warehousing and utilities subsector. Since September 2021, employment in this
sector has risen by 16,100 jobs or 3.9%.
Kentucky’s leisure and hospitality
sector grew by 1,800 positions from August 2022 to September 2022, a gain of
0.9%. This sector jumped by 19,400 or 10.5% compared to September 2021.
Employment in the arts, entertainment and recreation subsector rose by 500 jobs
from August to September. The accommodations and food services subsector added
1,300 jobs in September.
Employment in Kentucky’s
professional and business services sector increased by 1,500 jobs or 0.7% in
September 2022. Employment in the professional, scientific and technical
services subsector did not change from August to September. The administrative,
support and waste management subsector gained 1,700 jobs. The management of
companies subsector had 200 fewer jobs in September. Employment in this sector
was up by 13,900 jobs or 6.4% since September 2021.
Kentucky’s educational and health
services sector gained 1,100 positions in September 2022. Employment in the
educational services subsector fell by 500 jobs from August to September. The
healthcare and social assistance subsector added 1,600 jobs in September. Since
last September, this sector has grown by 13,300 jobs or 4.8%.
Employment in the other services
sector was up by 700 jobs in September 2022. This sector had 200 more positions
compared to September 2021. This sector includes repairs and maintenance,
personal care services and religious organizations.
Kentucky’s mining and logging
sector gained 200 jobs in September, and 300 jobs from September 2021.
Employment in the financial
activities sector rose by 100 jobs from August 2022 to September 2022. The
finance and insurance subsector was down 200 jobs from August to September.
These losses were offset by a gain of 300 jobs in the real estate, rental and
leasing subsector. The financial activities sector rose by 1,500 jobs compared
to last September.
Employment in the information
services sector did not change from August to September. The industries in this
sector include traditional publishing as well as software publishing; motion
pictures and broadcasting; and telecommunications. The number of jobs in this
sector grew by 1,000 or 4.7% from one year ago.
Construction employment decreased
by 300 jobs in September 2022 or 0.4% from August. The construction sector was
up 1,300 positions or 1.7% from one year ago.
Employment in Kentucky’s
manufacturing sector contracted by 1,500 positions from August 2022 to
September 2022, a loss of 0.6%. Employment among durable goods manufacturers
fell by 1,200 jobs in September. Non-durable goods manufacturing employment was
down by 300 jobs. Kentucky’s manufacturing employment was up 2,900 positions or
1.2% since September 2021.
Civilian labor force statistics
include nonmilitary 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.
Kentucky’s statewide unemployment
rate and employment levels are seasonally adjusted. 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.
However, due to the small sample size, county unemployment rates are not
seasonally adjusted.