Economy /Jobless Rate Increases
Thu September 20, 2012
Kentucky's Jobless Rate Increases to 8.5 Percent
The latest figures from the state reveal that Kentucky's seasonally-adjusted preliminary unemployment rate has increased again. Kentucky’s manufacturing sector lost 500 jobs in August, compared to the previous month,and the professional and business services sector lost 600 jobs last month. Employment in the educational and health services sector dropped by 800 jobs in August.
The Office of Employment and Training says those three sectors had shown growth in recent months, and they point out that some other sectors--- like the trade,transportation and utilities sector showed growth in August.
Kentucky’s jobless rate now stands four tenths of a percent above the national unemployment rate.Economist Manoj Shanker of the Office of Employment and Training says “an uptick in the unemployment rate, especially when accompanied by a drop in the number of people employed, does cause some anxiety.”