Thursday, January 19, 2012

State's jobless rate drops to 3-year low

KPA News Content Service
Kentucky’s seasonally adjusted preliminary unemployment rate dropped to a three-year low of 9.1 percent in December from 9.4 percent in November, according to the Kentucky Office of Employment and Training.

The preliminary December jobless rate was 1.2 percentage points below the 10.3 percent rate recorded for the state in the same month a year earlier. The state’s December 2011 jobless rate is the lowest since the December 2008, when it was 8.5 percent.

The U.S. seasonally adjusted jobless rate fell to 8.5 percent in December from 8.7 percent in November, according to the U.S. Department of Labor.

Labor force statistics, including the unemployment rate, are based on estimates and are compiled to measure trends rather than actually to count people working.