floydcountytimes.com

Regional jobless rates show improvement

Ralph B. Davis rdavis@civitasmedia.com

10 months 19 days 16 hours ago |486 Views | | | Email | Print

FRANKFORT — Local unemployment rates in July took a welcome step backward from June highs, but for the most part remain higher than a year ago.


Floyd County’s unemployment rate in July came in at 11.4 percent, nearly a full point lower than June 12.3 percent, but nearly a point higher than July 2012’s 10.7 percent.


The same trend could be seen in surrounding counties, where all experienced drops in the jobless rate from the month before, and nearly all had rates higher than a year ago.


The highest rate in the region was in Magoffin County, which also had the third-highest rate in the state. Magoffin County’s unemployment rate in July was 16.8 percent, but that was down nearly 2 point, from 18.6 percent in June. Magoffin County also bucked the regional trend by posting a rate lower than the previous year’s 17.4 percent.


Next highest in the region, and sixth-highest in the state, was Knott County, which stood at 15 percent in July. That was down from June’s 15.9 percent, but up from 14.2 percent in July 2012.


As usual, Johnson County posted the lowest rate in the region, at 10.1 percent, down from 10.6 percent in June, but up from 9.6 percent in July 2012.


Rounding out the region, Pike County posted a rate of 10.7 percent and Martin County had 11 percent.

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