Since 1976, the U.S. Department of Labor has officially tracked unemployment and its rates specific to the 50 states.
As of Thursday morning, it was 3.9% in Kentucky — lowest ever in these last 46 reporting years.
With business booming since the ebbing of a global pandemic, Governor Andy Beshear said it was a mark worth celebrating in the Commonwealth.
Between March and April alone, Beshear said the number of employees increased 5,080 and the number of unemployed decreased 2,455 — in what serves as a major indicator not just for new jobs, but for workforce participation.
In the last month, seasonally adjusted non-farm employment rose by 2,700 new jobs. And in March 2022, Beshear added Kentucky possessed more than 59,000 more jobs in the non-farm employment sector than the same time last year.
Beshear said one of the biggest reasons for anticipated growth moving forward is a strong bipartisan budget, just passed in General Assembly.
This news comes following the announcement of Winchester’s Catalent Inc. adding 277 jobs and a $175 million expansion. A push in the electric motor vehicle industry has also been a catalyst, and in west Kentucky a number of new jobs have sprung in different sectors.
