Small move up in Kentucky unemployment for May

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FRANKFORT, Ky. (KT) - Kentucky’s unemployment saw a small uptick in May but remains well below the levels of a year ago.

 

The seasonally adjusted preliminary jobless rate last month was 4.1 percent, according to figures released Thursday by the Kentucky Center for Statistics, an agency of the Kentucky Education and Workforce Development Cabinet. The May figure was up 0.1 percent from the 4 percent reported for April, but down a point from the 5.1 percent recorded for the state in May 2017.


Kentucky’s civilian labor force was 2,058,417 in May, an increase of 4,281 individuals compared to the previous month. The number of people employed was up by 3,268, while the number unemployed decreased by 1,013.


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 increased by 3,800 jobs in May 2018 compared to April 2018. Kentucky has added 15,200 jobs since May 2017, a 0.8 percent employment growth.


“An increase in the number of people looking for work pushed Kentucky’s unemployment rate slightly higher in May,” said University of Kentucky’s Center for Business and Economic Research Director Dr. Chris Bollinger. “However, both surveys of employment point to continued growth, with the household survey indicating that nearly 3,300 more people were working in May.”


The U.S. seasonally adjusted jobless rate last month was 3.8 percent, down 0.1 percentage points from the 3.9 percent reported for April 2018, according to the U.S. Department of Labor. 


Labor force statistics, including the unemployment rate, are based on estimates from the Current Population Survey of households. The survey is designed to measure trends in the number of people working. It includes jobs in agriculture and individuals who are self-employed.

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