The state unemployment rate declined slightly in August despite significant job losses in some key labor market sectors.
The Kentucky Office of Employment and Training reported Thursday that the rate fell to 8.4 percent, down from 8.5 percent in July.
State economist Manoj Shanker said the trade, transportation and utilities sector shed 2,100 jobs in August. The financial services sector lost 700 jobs. The government sector fell by 500 positions. The information sector, which includes newspapers, lost another 500 workers. And the mining and logging sector declined by another 100.
Thousands of Americans who have been receiving extended unemployment benefits will no longer receive that money, if they live in states that no longer qualify for the program. Under federal law, the rate of unemployment must be 10 percent higher than for the previous three years for extended benefits to remain in each state. States that no longer qualify, as of today, include California, Colorado, Connecticut, Florida, Illinois, North Carolina, Pennsylvania, and Texas. Officials in California say that state alone will see more than 90, 000 people lose their extended unemployment benefits today.