Kentucky’s jobless rate rises to 7.1 percent over the 5.4 percent rating only one year ago according to the Office of Employment and Training (OET) an agency of the Kentucky Education and Workforce Development Cabinet.
"Nearly every sector of Kentucky's economy experienced job losses in September 2008, showcasing widespread economic weakness. Employment declines reflect government cutbacks in the face of austere budgets, a prolonged manufacturing slump reverberating throughout the economy, and retailers and accommodations and food services enterprises suffering as financially strained consumers clamp down on discretionary spending," said Justine Detzel, OET chief labor market analyst.
Natural resources and mining, Real Estate and Property,Media, Leisure and hospitality, manufacturing, and government are just a few of the several sectors that are experiencing serious joblosses and fluctuations.
Kentucky’s statewide unemployment rate and employment levels are seasonally adjusted.