Unemployment statewide is still hovering over 10%
Hence the reason why we are still far from a recovery.
From Kentucky.gov. Kentucky’s seasonally adjusted preliminary unemployment rate fell from 10.4 percent in February 2011 to 10.2 percent in March, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.
The preliminary March 2011 jobless rate dropped .6 percentage point below the 10.8 percent rate recorded in March 2010 for the state. The 10.2 percent rate recorded in March 2011 is the lowest rate since November 2010 when it was 10.2 percent.
“Kentucky’s economy showed signs of improvement in March 2011 as the unemployment rate dropped to 10.2 percent. Nonfarm employment grew for the third month in a row and reached its highest level since January 2009. Eleven consecutive months of year-over-year job growth provide additional evidence of economic recovery,” said Dr. Justine Detzel, OET chief labor market analyst.
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