Kentucky Employment
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.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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