The state's jobless rate continues to fall.
Shutterstock photo.
(Frankfort, Ky.) – Kentucky’s unemployment rate has hit an all-time low.
Governor Andy Beshear reported Thursday that the state’s seasonally adjusted preliminary April 2022 unemployment rate was 3.9 percent.
That is the lowest unemployment rate ever recorded in Kentucky since the U.S. Bureau of Labor and Statistics began reporting state rates in 1976.
“Kentucky’s economy is absolutely on fire, and today’s report shows that continued success is benefiting Kentuckians across the commonwealth,” Gov. Beshear said. “We’ve secured our spot as a leader by establishing Kentucky as the capital for electric vehicle battery production and agritech. But even more important, we’re building a Kentucky where our people can create a better life through great jobs, world-class education opportunities, quality health care and strong infrastructure. We’re not just talking about building a better Kentucky – we’re doing it.”
Just last week, the Governor reported the highest-ever monthly General Fund receipts of $1.84 billion. That is up 34.9% over last April’s collections, bringing Kentucky’s year-to-date growth rate to 16.4%.
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