Jobless rate unchanged from September

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FRANKFORT, Ky. (KT) - Kentucky’s seasonally adjusted preliminary October unemployment rate was 4.5 percent, according to the Kentucky Center for Statistics, an agency within the Kentucky Education and Workforce Development Cabinet.


The jobless rate was unchanged from September and was down 0.1 from the 4.6 percent recorded for October 2017.


A total of 1,590 were added to the civilian labor force last month, bringing the state’s labor force to 2,075,251. The number of people employed in October was up by 193, while the number unemployed rose by 1,397.


“Kentucky’s employment situation was relatively unchanged in October,” said University of Kentucky’s Center for Business and Economic Research Associate Director Mike Clark. “While both the number of people working and the number of people unemployed increased, these increases were not statistically significant.”


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 decreased by 2,200 jobs last month compared to September. Kentucky has added 10,400 jobs since October 2017, a 0.5 percent employment growth.

 

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