Ky. jobless rate rises to 11 percent in July - Cincinnati News, FOX19-WXIX TV

Ky. jobless rate rises to 11 percent in July

FRANKFORT, Ky. (FOX19) - Kentucky's seasonally adjusted preliminary unemployment rate for July 2009 hit the 11 percent mark, the highest since August 1983 when the rate was 11.1 percent, from a revised 10.9 percent in June 2009, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

July 2009's jobless rate is 4.5 percentage points higher than the 6.5 percent rate recorded in July 2008.

"The increase in Kentucky's nonfarm employment in July 2009 is indicative of employees at a major manufacturer returning to work after a layoff, and does not reflect the creation of any new jobs. However, the pace of layoffs and the economic downturn are moderating," said Dr. Justine Detzel, OET chief labor market analyst.

The U.S. seasonally adjusted jobless rate fell from 9.5 percent in June 2009 to 9.4 percent in July 2009, according to the U.S. Department of Labor. This 9.4 percent rate is 1.6 percentage points below the 11 percent rate recorded in Kentucky in July 2009.

Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working.

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