Connect with us

Kentucky

Kentucky's seasonally adjusted unemployment rate remains unchanged for June; stands at 4.6% – NKyTribune

Published

on

Kentucky's seasonally adjusted unemployment rate remains unchanged for June; stands at 4.6% – NKyTribune


Kentucky’s seasonally adjusted preliminary June 2024 unemployment rate was 4.6%, according to the Kentucky Center for Statistics (KYSTATS).

The preliminary June 2024 jobless rate was unchanged from May 2024 and up 0.5 percentage points from one year ago.

The U.S. seasonally adjusted jobless rate for June 2024 was 4.1%, which was up from the 4% recorded for May 2024, according to the U.S. Department of Labor.

Labor force statistics, including the unemployment rate, are based upon estimates from the Current Population Survey of households. The survey is designed to measure trends in the number of people working and includes jobs in agriculture and individuals who are self-employed.

Advertisement
(Click for large graph)

Kentucky’s civilian labor force was 2,047,682 in June 2024, an increase of 6,945 individuals from May 2024. The number of people employed in June increased by 6,868 to 1,952,975 while the number unemployed increased by 77 to 94,707.

“Kentucky labor force continued to grow in June,” said University of Kentucky’s Center for Business and Economic Research (CBER) Director Mike Clark, Ph.D. “While more people entering the labor force might be expected to push the unemployment rate up as more workers compete for jobs, the commonwealth’s unemployment rate has held steady at 4.6% for the third month. This occurred because people are finding work at roughly the same rate as they are entering the workforce.”

In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky’s seasonally adjusted nonfarm employment increased by 2,100 jobs to 2,044,900 in June 2024 compared to May 2024. Kentucky’s nonfarm employment was up 25,700 jobs or 1.3% compared to June 2023.

“Kentucky’s employers continued adding workers to their payrolls in June,” said Clark. “While the rate of job growth did slow from recent months, month-to-month employment changes are fairly volatile. So, this does not necessarily reflect a change in the trend.”

Nonfarm data is provided by the Bureau of Labor Statistics’ Current Employment Statistics program. According to the survey, employment increased for five of Kentucky’s major nonfarm North American Industry Classification System (NAICS) job sectors in June 2024, decreased for five, and was unchanged for one.

Advertisement
(Click for larger graph)

The educational and health services sector rose by 2,000 positions in June 2024. Employment in the health care and social assistance subsector increased by 1,600 jobs from May to June. The educational services subsector gained 400 jobs. Since last June, this sector has grown by 17,000 jobs or 5.6%.

Employment in the trade, transportation and utilities sector increased by 1,600 positions from May to June but was down 1,100 jobs or 0.3% compared to a year ago. In June, the wholesale trade subsector added 500 jobs; transportation, warehousing and utilities subsector added 600 jobs; and the retail trade subsector added 500 jobs.

The other services sector was up by 400 jobs from May to June. This sector had 1,500 more positions in June 2024 compared to June 2023. This sector includes repairs and maintenance, personal care services and religious organizations.

Kentucky’s manufacturing sector increased by 200 jobs from May 2024 to June 2024. The durable goods manufacturing subsector lost 100 positions, but these loses were more than offset by a gain of 300 jobs in the non-durable goods subsector. Kentucky’s manufacturing employment was down 1,100 positions or 0.4% compared to June 2023.

Jobs in the financial activities sector rose by 100 positions from May 2024 to June 2024 and was down 1,200 jobs from June 2023. All these gains occurred in the real estate, rental and leasing subsector. Employment in the finance and insurance subsector was unchanged.

Employment in Kentucky’s information services sector did not change from May to June. The industries in this sector include traditional publishing as well as software publishing; motion pictures and broadcasting; and telecommunications. The number of jobs in this sector was down 1,000 from one year ago.

Advertisement

Kentucky's seasonally adjusted unemployment rate remains unchanged for June; stands at 4.6% – NKyTribune

The number of jobs in the state’s mining and logging sector was down 100 from May to June. This sector had 600 more jobs in June 2024 compared to June 2023.

Employment in Kentucky’s professional and business services sector fell by 200 jobs or 0.1% in June 2024. From May to June, employment rose by 600 jobs in the professional, scientific and technical services subsector; fell by 100 jobs in the management of companies subsector; and fell by 700 jobs in the administrative, support and waste management subsector. The sector was up 1,100 positions compared to June 2023.

Construction employment was down 300 jobs or 0.3% from May 2024 to June 2024 and up 3,700 positions or 4.1% from one year ago.

Employment in the government sector dropped by 500 jobs from May 2024 to June 2024. The number of jobs decreased by 100 in federal government; increased by 200 in state government; and decreased by 600 in local government. The total number of government jobs rose by 4,600 positions or 1.5% compared to June 2023.

The leisure and hospitality sector lost 1,100 positions in June, a decline of 0.5%. This sector reported 1,600 more jobs in June than one year ago. The accommodations and food services subsector was down by 800 positions in June. The arts, entertainment and recreation subsector decreased by 300 jobs from May to June.

Advertisement

Civilian labor force statistics include nonmilitary 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.

Kentucky’s statewide unemployment rate and employment levels are seasonally adjusted. 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. However, due to the small sample size, county unemployment rates are not seasonally adjusted.

To learn more about Kentucky labor market information, visit kystats.ky.gov.

Kentucky Education and Labor Cabinet



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Kentucky

Sunday Headlines: Cats suffer brutal defeat vs. Ohio State

Published

on

Sunday Headlines: Cats suffer brutal defeat vs. Ohio State


Good morning BBN!

This is the first time we have had to write a headline post following a very disappointing loss, but here we are.

The Kentucky Wildcats tossed their first dud of the Mark Pope Era in Madison Square Garden, as the Cats got blitzed by the Ohio State Buckeyes.

It was not the prettiest performance from the Cats this season on either end of the floor. The Buckeyes cruised on offense shooting close to 60% from the field.

Advertisement

On the flip side, Kentucky really struggled to get rolling on offense as they shot 29.8% from the field.

Despite an impressive resume, there is no way around this loss stinging some, especially after Auburn crushed this same Buckeyes team by 40+ points.

One non-conference game remains as the Cats return to Rupp Arena on New Year’s Eve when they host Brown.

This team clearly has a lot of work to do until then to

Tweet of the Day

Some more good news on the way for the Cats?

Headlines

No. 4 Kentucky Falls to Ohio State – UK Athletics

Otega Oweh scored 21 points, but No. 4. Kentucky lost to Ohio State 85-65 on Saturday in the CBS Sports Classic at Madison Square Garden in New York.

Kentucky’s slow starts must be addressed as SEC play approaches – Cats Pause

Advertisement

Kentucky survived poor first halves vs. Duke and Gonzaga but not Saturday vs. Ohio State.

Minnesota Gophers land Kahlee Tafai and Dylan Ray – Minnesota Tribune

Dylan Ray finds his new home.

Kentucky is winless against Ohio State and carries a losing record in the CBS Sports Classic- KSR

That’s not good.

Advertisement

Kevis Thomas commits to Kentucky- KSR

The Cats another player to the defense.

Strong second half powers Kentucky past Belmont- Cats Pause

Kenny Brooks squad adds another win.

Rickey Henderson dies at 65- ESPN

Advertisement

The Oakland A’s legend passes away.

Kentucky football transfer tracker- Cats Pause

Catch up on the latest for the football Cats.

Tiger and Charlie Woods lead at PNC Championship- ESPN

COME ON TIGER!

Advertisement

Kiffin rips College Football Playoff Committee- CBS

Who could have saw this coming?





Source link

Continue Reading

Kentucky

Aaron Bradshaw got the last laugh against his former team

Published

on

Aaron Bradshaw got the last laugh against his former team


For the first time since November 19, Aaron Bradshaw jogged over to the scorers table for Ohio State, checking in at the 17:46 mark of the first half. As his name was announced over the loudspeakers, though, a roar of boos echoed inside Madison Square Garden. Splitting up with Kentucky seemingly on good terms this offseason during the coaching change, the reaction was a bit of a surprise, but you never know the true emotions of a fanbase until they experience it in real time.

The former Wildcat’s response? Two quick buckets in two minutes, followed by the sixth 3-pointer of his career in the final segment of the first half. Bradshaw would close out with 11 points good for third on the team, shooting 5-6 overall and 1-2 from three with two rebounds, one assist and two steals in 18 minutes.

Given the circumstances and opponent, it was one of the best performances of his career — and undoubtedly a special one for him personally.

What was it like getting Bradshaw back in the lineup for the Buckeyes?

Advertisement

“Missing a 7-footer is always going to hurt,” Bruce Thornton, who finished with a game-high 30 points, said of Bradshaw. “Not a lot of people who are 7-foot are able to make tough shots in the mid-range. His energy and his passion, it’s very contagious. It rubs off on us. We’re just very thankful that he’s back.”

Bradshaw is now averaging 8.4 points, 4.2 rebounds and 1.4 blocks in 22.3 minutes per contest for the Buckeyes. He returned alongside Ques Glover, who had been previously dealing with an ankle injury and had been out since Nov. 15.

Those two were different-makers in Ohio State’s win with the Buckeyes’ bench outscoring the Wildcats 26-11 on Saturday.

“I thought it was a significant boost,” Jake Diebler said. “We felt like going into this year depth was going to be a real strength for us, and we haven’t had an opportunity to play with that depth much of this year. It’s also impacted practice and building because there’s still a lot of newness in this program, new staff, new players, new system, and it’s impacted our growth a little.”

You can see just how much that one meant to Bradshaw by watching OSU’s postgame celebration from the floor at MSG.

Advertisement

He wanted this one bad, and to his credit, he was a big reason for the win.



Source link

Continue Reading

Kentucky

Aaron Bradshaw will suit up against the Kentucky Wildcats

Published

on

Aaron Bradshaw will suit up against the Kentucky Wildcats


The Kentucky Wildcats are in New York City about to tip off against Ohio State in Madison Square Garden, and they will be facing a former Wildcat Aaron Bradshaw, who is taking the floor for the first time in a month. The Buckeyes get some much-needed help on the glass as a team that struggles rebounding.

The Buckeyes are a great shooting team, and getting Bradshaw back on the floor really helps compliment that by adding some size. Bradshaw has been held out since November 19 due to personal reasons. The Wildcats will still be without backup guard Kerr Kriisa, but last game out, a boost from starting point guard Lamont Butler in his return really helped.

Bradshaw will be coming off the bench for the Buckeyes, and may even play limited minutes given it will be his first game back. Kentucky will need to keep playing good defense against the threes on Saturday, as that and rebounding will be major keys. If the Buckeyes want to hang around, they will need to knock down shots.

It will be interesting to see how Bradshaw meshes in his first game back in month, and it’s clear they have been a little off without him. Mark Pope and the Wildcats will look to get a win on a big stage in Madison Square Garden on Saturday. Bradshaw will look to give Ohio State a major boost down low on the glass.

Advertisement



Source link

Continue Reading
Advertisement

Trending