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County unemployment rate drops again

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By Zac Oakes

 

According to recently released statistics from the Kentucky Center for Education and Workforce, Taylor County’s unemployment rate has dropped nearly one percent in September 2017 compared to the same time last year.

Taylor County’s unemployment rate for September 2017 is recorded at 4 percent, compared to 4.9 percent during September 2016.

Taylor County’s unemployment rate is tied for the lowest in the Lake Cumberland District, with Casey County also being recorded at 4 percent.

Around the area, Green County’s rate was 4.2 percent, Adair County’s rate was 4.9 percent, Marion County’s rate was 3.5 percent, LaRue County’s rate was 4.1 percent, and Washington County’s rate was 3.5 percent.

The state unemployment rate for September 2017 is 4.3 percent. The United States comparable rate is 4.1 percent.

Across the state, unemployment rates dropped in 102 of 120 counties. The lowest rate was recorded in Oldham County at 3.1 percent. The highest in the state was recorded in Magoffin County at 12.9 percent.

Kentucky’s county unemployment rates and employment levels are not seasonally adjusted because of small sample sizes. Employment statistics undergo sharp fluctuations due to seasonal events such as weather changes, harvests, holidays and school openings and closings. Seasonal adjustments eliminate these influences and make it easier to observe statistical trends.

Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working. Civilian labor force statistics include non-military workers and unemployed Kentuckians who are actively seeking work. They do not include unemployed Kentuckians who have not looked for employment within the past four weeks. The data should only be compared to the same month in previous years.