Unemployment increases in July in Russell County

New statistics from the Kentucky Education and Workforce Development Cabinet show an increase in unemployment in Russell County in the month of July.

The report shows that the unemployment rate in Russell County during the month of July was 6.8 percent, an increase from the same time last year when the unemployment rate was 5.6 percent.

Here’s a look at unemployment numbers from across the area.

Unemployment numbers from around the area

Adair County: 6.5 percent (up from 5.8 percent last year)

Casey County: 5.1 percent (up from 4.7 percent last year)

Cumberland County: 4.6 percent (up from 3.9 percent last year)

Green County: 4.9 percent (down from 5.2 percent last year)

Metcalfe County: 6.4 percent (up from 5.6 percent last year)

Taylor County: 5.5 percent (up from 5.3 percent last year)

 

Oldham County recorded the lowest jobless rate in the Commonwealth at 4.2 percent. It was followed by Carlisle and Pendleton counties, 4.5 percent each; Cumberland, Hancock, Shelby, Spencer and Washington counties, 4.6 percent each; and Todd and Woodford counties, 4.7 percent each.

Magoffin County recorded the state’s highest unemployment rate at 15.3 percent. It was followed by Harlan County, 12.9 percent; Martin County, 11.1 percent; Letcher County, 11 percent; Leslie County, 10.8 percent; Breathitt County, 10.6 percent; Perry County, 9.8 percent; Floyd County, 9.7 percent; Knott County, 9.4 percent; and Carter, Clay, Elliott and Pike counties, 9 percent each.

Kentucky’s county unemployment rates and employment levels are not seasonally adjusted because of small sample sizes. Employment statistics undergo sharp fluctuations due to seasonal events such as weather changes, harvests, holidays and school openings and closings. Seasonal adjustments eliminate these influences and make it easier to observe statistical trends. The comparable, unadjusted unemployment rate for the state was 6.2 percent for July 2020, and 10.5 percent for the nation.

Kentucky’s seasonally adjusted unemployment rate was released on Aug. 20, 2020, and can be viewed at https://kentucky.gov/Pages/Activity-stream.aspx?n=EducationCabinet&prId=439. In that release, Kentucky’s statewide unemployment rate and employment levels are adjusted to observe statistical trends by removing seasonal influences such as weather changes, harvests, holidays and school openings and closings. For more information regarding seasonal fluctuations, visit the U.S. Bureau of Labor Statistics at https://www.bls.gov/cps/cps_htgm.htm#why.

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 data should only be compared to the same month in previous years.

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Zac Oakes is the News Director and Digital Content Contributor for LakerCountry.com and Laker Country WJRS 104.9 FM.