Kentucky's labor market conditions stand out among the Fourth District states. Indeed, its December unemployment rate of 4.5% was the lowest in the District and almost a full percentage point below the U.S. average; by that measure, Kentucky outperformed the nation throughout 2004. However, it failed to keep up with U.S. employment growth over the same period. Last year, employment in Kentucky grew by 0.8%, compared to the nation's 1.7% increase. And from the last business cycle peak in March 2001, Kentucky lost 0.8% of its employment, while the nation saw a slight gain.
U.S. employment finally surpassed the March 2001 business cycle peak this January, ending the longest …
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Publication information: Article title: Kentucky Employment. Contributors: Not available. Magazine title: Economic Trends. Publication date: March 2005. Page number: 15+. © 2004 Federal Reserve Bank of Cleveland. COPYRIGHT 2005 Gale Group.
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