Unemployment data positive

It is always welcome news when unemployment numbers fall in the area.

No matter what part of this country you live in, falling unemployment figures should make us feel good about ourselves and the direction we’re heading.

Warren County, surrounding counties and the state all boast dropping unemployment numbers. Data recently released by the Kentucky Office of Employment and Training revealed encouraging trends pertaining to the percentage of jobless residents.

The August jobless rate in Warren County fell to 4.1 percent from a July mark of 5 percent. In the Bowling Green metropolitan area, August unemployment stood at 4.3 percent, compared to 5.2 percent in July.

These are significant decreases that show more and more people are rejoining the workforce.

This is promising news. It is also very significant that the numbers are below 5 percent, which is considered to be full employment in economic models.

Some say the Kentucky labor market is the best it has been in a decade. Given these numbers, we would agree with that assessment.

Surrounding counties also did well in decreasing their unemployment numbers. Simpson County dropped to 4.2 percent from 4.9 percent and Allen County to 4.3 percent. Logan County dropped to 4.5 percent and Barren County went from 5.2 percent to 4.6 percent. Butler dropped from 5.8 percent to 5.1 percent.

These numbers are also terrific news for the Barren River Area Development District, especially in some of the more rural, poorer counties the district encompasses.

State unemployment numbers were also encouraging with a 4.9 percent rate. Unemployment rates fell in 112 Kentucky counties between August 2014 and August, only rose in six counties and remained the same in two counties. These statewide numbers are better than the nationwide unemployment rate of 5.2 percent.

We are very pleased with these local, state and federal numbers. They are a clear indication that we have taken a positive turn, and we hope the trend continues.

Bowling Green Daily News

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