Several counties in our listening area continue to post unemployment rates below the statewide level. The January jobs numbers have been released by the Kentucky Education and Workforce Development Cabinet.
Simpson County’s unemployment rate was 6.7 percent, as compared to the 8.3 percent mark for the state. County Judge Executive Jim Henderson says Simpson County has come a long way since 2008-2009, when the auto industry felt the effects of the recession.
“That pendulum swings both ways because, actually, automotive sales are now back at record levels and improving. That’s where some of that growth is occurring here is in the automotive industry," said Henderson. "But, diversification is really important for a community, so we’re not dependent on one sector of the economy to do well.”
A check of other counties in the area shows Warren County’s unemployment rate was at seven percent in January. Daviess county was at 6.9 percent. Edmonson and Muhlenberg counties were both above the statewide average at 11.7 and 10 percent, respecitvely.
Sumitomo Electrical Wiring Systems in Scottsville and Yahagi America Molding in Park City have will expand their operations adding nearly two dozen new jobs. Sumitomo will re-open their previously shuttered first plant that began operations in 1988. The building is currently undergoing a $3 million renovation for manufacturing electric wire terminals produced for automotive wiring harness applications for their North American and European customer base.
Taggart Solar, LLC plans to locate a new manufacturing facility in the Edmonson County Industrial Park in Edmonson County in a 10,000 square foot leased building. The company's $440,000 capital investment will create 30 new jobs.