Kentucky jobless rate down for third straight month

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Gov. Andy Beshear on Thursday reported that the commonwealth’s June 2022 unemployment rate hit a new historic low of 3.7 percent, resulting in three back-to-back months of the lowest unemployment rates in Kentucky’s history.

“While our families face a lot of challenges today – from the pandemic to the deadliest tornado we have ever seen, inflation and a war in Ukraine – it’s important we remember that we are tough and we must have faith,” Beshear said. “The challenges of today are what we have to push through to get to a bright and optimistic tomorrow where we are seeing more new jobs, investments and better wages than we have ever seen.”

The number of people employed in June increased by 1,085 to 1,986,909, while the number of unemployed decreased by 1,811 to 77,193.

The seasonally adjusted unemployment rate in May was 3.8 percent. The jobless rate in June 2021 was 4.8 percent.

Nationally, the jobless rate was 3.6 percent in June, the same unemployment rate as May.

By Ken Howlett, News Director

Contact Ken at ken@k105.com