Sunday, August 26, 2007

Kentucky's jobless rate rose in July


Kentucky's seasonally adjusted unemployment rate rose to 5.7 percent in July from 5.4 percent in June, reports the Office of Employment and Training, an agency of the Kentucky Education Cabinet. The July rate, though, was the same as for July 2006.

Since July 2006, Kentucky's nonfarm employment has increased by 14,600, the office said in a news release. Three of 11 major nonfarm job sectors reported employment increases in July, while seven decreased, and one was unchanged. A decrease of 1,100 jobs in July 2007 brought Kentucky's nonfarm employment to a seasonally adjusted total of 1,853,500.

Among the data, the government sector, which includes public education, rose by 2,300 jobs in July 2007; the construction sector gained 600 jobs and natural resources and mining 100, while the number of manufacturing jobs remained the same from June.

On the other hand, jobs in the educational and health services sector fell by 1,200 from June; the professional and business services sector lost 1,000 jobs; and the leisure and hospitality sector lost 900.

The U.S. Bureau of Labor Statistics' monthly estimate of employed Kentuckians for July 2007 was 1.9 million on a seasonally adjusted basis, down about 8,300 from June but up 10,100 from July 2006. Meanwhile, the monthly estimate of unemployed Kentuckians for July 2007 was slightly above 117,000, up 5,740 from June and 933 from July 2006.

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