Friday, November 21, 2014

Kentucky's jobless rate falls to 6.2 percent


Kentucky officials say the state's unemployment rate dropped again in October to its lowest rate in more than six years.

The Kentucky Office of Employment and Training said Thursday that last month's seasonally adjusted jobless rate fell to 6.2 percent, down from 6.7 percent in September. The statewide jobless rate was 8.2 percent in October 2013.

Officials say last month's decline was the biggest one-month drop in Kentucky's jobless rate since 1976. It surpasses last month's record-breaking drop of 0.4 percent. The state's 0.9 percent decline in the jobless rate since August is the largest reduction measured in a two-month period.


Officials say Kentucky's professional and business services sector added 6,100 jobs in October 2014 from a month earlier. The educational and health services sector gained 2,100 jobs during that same period.