Glasgow Daily Times, Glasgow, KY

June 14, 2012

11:30 MORNING UPDATE: State's jobless rate drops in May

Special report
Glasgow Daily Times

FRANKFORT — Kentucky’s seasonally adjusted preliminary unemployment rate fell to 8.2 percent in May 2012 from a revised 8.3 percent in April 2012, marking the 10th consecutive month of jobless rate decline, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

The preliminary May 2012 jobless rate was 1.4 percentage points below the 9.6 percent rate recorded for the state in May 2011.

 

The U.S. seasonally adjusted jobless rate rose from 8.1 percent in April 2012 to 8.2 percent in May 2012, 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.

 

In May 2012, Kentucky’s civilian labor force was 2,065,666, an increase of 2,693 individuals compared to the previous month.

 

Kentucky’s seasonally adjusted nonfarm employment rose by 600 jobs in May 2012 from the month before, and by 36,100 positions since May 2011. Nonfarm data is provided by the Bureau of Labor Statistics’ Current Employment Statistics program. According to this survey, seven of Kentucky’s 11 major nonfarm North American Industry Classification System (NAICS) job sectors registered gains in employment, while four declined.

 

Kentucky’s leisure and hospitality sector added the most jobs in May with 2,600 more positions than a month ago. Since May 2011, the sector has grown by 7,900 positions or nearly 5 percent. This sector includes arts, entertainment, recreation, accommodation and food services. 

 

The information sector gained 600 jobs in May 2012. This segment has added 400 positions since May 2011. The industries in this sector include traditional publishing as well as software publishing; motion pictures and broadcasting; and telecommunications.  

 

Kentucky’s manufacturing sector added 500 jobs in May 2012 compared to the previous month. Since May 2011, employment in manufacturing has increased by 8,200 jobs.

 

Construction jobs rose by 400 in May 2012 from a month ago. Since May 2011, employment in construction has fallen by 1,400 positions.

 

The government sector, which includes public education, public administration agencies and state-owned hospitals, declined by 700 jobs in May 2012. The sector had 3,300 fewer jobs compared to May 2011.

 

The trade, transportation and utilities sector lost 1,000 jobs in May 2012. This is the largest sector in Kentucky with 366,000 positions, and accounts for about 20 percent of nonfarm employment. Since May 2011, jobs in this sector have increased by 1,700.

 

Employment in the educational and health services sector declined by 2,200 jobs in May 2012.  The sector has posted a gain of 4,100 jobs since May 2011.  

 

Civilian labor force statistics include nonmilitary 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.