Kentucky’s October unemployment rate was 4.3%

Kentucky’s seasonally adjusted preliminary October 2019 unemployment rate was 4.3 percent, according to the Kentucky Center for Statistics (KYSTATS), an agency within the Kentucky Education and Workforce Development Cabinet (EWDC). The unemployment rate for October 2019 was down from the 4.4 percent reported for September 2019.

The preliminary October 2019 jobless rate was unchanged compared to the 4.3 percent recorded for the state in October 2018.

The U.S. seasonally adjusted jobless rate for October 2019 was 3.6 percent, up 0.1 percentage points from September 2019, 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.

Kentucky civilian labor force was 2,077,025 in October 2019, an increase of 3,771 individuals from September 2019. The number of people employed in October rose by 4,256, while the number unemployed decreased by 485.

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 3,000 jobs in October 2019 compared to September 2019. Kentucky has added 31,100 jobs since October 2018, for a growth rate of 1.6 percent.

“Kentucky experienced solid employment gains across most of its major sectors in October 2019,” said University of Kentucky’s Center for Business and Economic Research (CBER) Interim Director Mike Clark, Ph.D.

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