KY Jobless Rate Down Slightly
Kentucky’s seasonally adjusted preliminary unemployment rate fell to 10.7 percent in March 2010 from a revised 10.9 percent in February 2010, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.
March 2010’s jobless rate is .6 percentage points higher than the 10.1 percent rate recorded in March 2009 for Kentucky. The 10.7 percent rate recorded in March 2010 matches the 10.7 percent rate in Kentucky in January 2010. . . .
The U.S. seasonally adjusted jobless rate remained at 9.7 percent from February 2010 to March 2010, according to the U.S. Department of Labor.
Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working. . . .
According to the seasonally adjusted employment data, Kentucky’s trade, transportation and utilities sector jumped by 4,500 jobs in March 2010. This area includes retail and wholesale trade, transportation and warehousing businesses and utilities. It is the largest sector in Kentucky with 365,100 employees. Since March 2009, the number of jobs in this sector has increased by 800.
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