Business and the Economy
Uptick in Summer Unemployment
Kentucky’s jobless rate for July moved up slightly. The unemployment figure at eight point five percent was one tenth of one percent higher than June’s rate. Kentucky’s trade, transportation, and utilities sector gained 26 hundred jobs in July. It’s the largest sector in Kentucky and accounts for about 20 percent of nonfarm employment.
State economist Manoj Shanker says ‘employment in both retail trade and the warehousing sector showed gains in response to pent up consumer demand.’ But employment in mining and logging remained flat. Also, the government sector, which includes public education, public administration agencies, and state owned hospitals decreased employment by 16 hundred jobs in July.