Unemployment rises in Floyd, surrounding area

Ralph B. Davis rdavis@civitasmedia.com

March 27, 2014

After months of declines, Floyd County’s unemployment rate shot upward in February, although it remains lower from a year ago.

Unemployment in the county rose nearly a full percentage point, from 12.5 to 13.4 percent, from January to February. The figure remained lower than February 2013, however, when the rate was 14 percent.

Across the region, there was little consistency except for rates climbing higher. In three of the surrounding counties, unemployment rose not only higher from month to month, but also higher from a year ago. The other two counties, however, maintained rates lower than the figures from a year ago.

Johnson County, as usual, had the region’s lowest unemployment rate, at 11.9 percent. That was higher than both last month’s 11 percent and last February’s 11.6 percent.

Magoffin County, meanwhile, kept the region’s highest unemployment rate, with nearly 1-in-5 workers looking for a job. Magoffin County’s jobless figure stood at 19.3 percent in February, up from 18.3 percent in January, but down from 20.1 percent a year ago.

Results for the remaining counties include:

• Knott County, 16 percent, up from 15.3 percent in January, but down from 17.8 percent a year ago.

• Martin County, 14.1 percent, up from 12.9 percent in January and 12.5 percent a year ago.

• Pike County, 13.6 percent, up from 13.1 percent in January and 12.2 percent a year ago.

Statewide, the unemployment rate was 9 percent in February, up from 8.3 percent in January, but slightly ahead of the 9.1 percent posted a year ago. The average unemployment rate across the United States is 7 percent.