floydcountytimes.com

Floyd jobless numbers inch upward

Ralph B. Davis rdavis@civitasmedia.com

August 21, 2014

FRANKFORT — Floyd County’s unemployment rate ticked slightly upward in July, mirroring for the most part the rest of the region.


The jobless rate in July was 10.9 percent, compared to 10.5 percent the month before. Despite the increase, the unemployment figure was still well below the 12.2 percent rate from July 2013.


Statewide, the unemployment rate was 7.4 percent in July, down one full point from a year ago.


As has been the case in recent months, Johnson County continued to have the lowest unemployment rate in the region, at 9.3 percent, which was down from the 10.2 percent rate posted a year ago, but also down from June’s 9.4 percent.


Other surrounding counties, however, exhibited the same trend as Floyd. Rates for those counties include:


• Knott — 12.9 percent in July; 12.5 percent in June; 16.4 percent in July 2013


• Magoffin — 15.4 percent in July; 15 percent in June; 17.1 percent in July 2013


• Martin — 11.6 percent in July; 11.1 percent in June; 11.3 percent in July 2013


• Pike — 11.4 percent in July; 11.1 percent in June; 11.5 percent in July 2013


Magoffin County had the state’s highest unemployment rate in July, while Knott County had the sixth-highest.


Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working. Civilian labor force statistics include non-military 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. The statistics in this news release are not seasonally adjusted because of the small sample size for each county. The data should only be compared to the same month in previous years.