EKB News

Although labor statistics show a very slight decline in Kentucky's unemployment rate, experts say it's really too early to tell whether the job market is getting worse or actually beginning to turn around. For the first time in almost two years, the unemployment rate dropped in September to 10.9%, down from 11.2% in August. A recent survey estimates Kentucky lost 14,600 jobs last month, the largest month-to-month decline since 1990. In the past year, Kentucky lost 86,400 non-farm jobs. The lower unemployment rate could be attributed to the number of Kentuckians who have dropped out of the labor force. The Bureau of Economic Analysis says Kentucky's personal income growth ranks fifth in the U.S.