Thanks to GOP Governor Matt Bevin’s leadership, Kentucky’s economy continues to experience record-breaking job growth. Newly released job numbers show that Kentucky’s unemployment rate has fallen to an all-time low of just 4 percent, down from 5.2 percent in March of last year. With thousands of new jobs added since Governor Bevin took office, Kentucky’s unemployment rate is now below the national average of 4.1 percent. As Governor Bevin remains committed to expanding opportunity for the people of his state, Kentucky’s economy is firing on all cylinders.
Kentucky’s seasonally-adjusted unemployment rate for March was the lowest recorded mark for the state since the U.S. Bureau of Labor Statistics began providing data in 1976, a news release issued by the state Thursday affirmed.
The jobless rate was 4 percent in March, which was down from the revised 4.1 percent rate for February. Kentucky’s unemployment rate was 5.2 percent in March of 2017.
Kentucky’s rate in March was also below the national average of 4.1 percent.
‘Kentucky’s employment continued to improve in March with employers adding 1,200 jobs and [the] unemployment rate declining to 4 percent,’ said Chris Bollinger, director of the University of Kentucky’s Center for Business and Economic Research, in the news release issued Thursday morning…
In March, Kentucky’s civilian labor force was 2,049,934, an increase of 941 persons compared to February, according to the news release.
The number of individuals employed rose by 2,915, while the number of those who were jobless decreased by 1,974.