By Ralph Davis
July 26, 2013
FRANKFORT — The economic picture continued to look bleak locally, as unemployment continued to rise in June in Floyd and surrounding counties, with one county leading the state with the highest percentage of people out of work.
Floyd County’s jobless rate rose 0.7 percent in June, to 12.7 percent. The rate was up 1.7 percent from a year ago.
Magoffin County again had the state’s highest unemployment rate, at 18.5 percent. That was a full percentage point higher than the previous month, and 0.7 percent higher than a year ago.
Elsewhere in the region, rates climbed in all surrounding counties. Johnson County had the region’s lowest rate, at 10.6 percent, but that 0.6 percent higher than the previous month and 0.8 percent higher than the year before.
Rounding out the region, Pike County had a rate of 11.6 percent, followed by Martin County, at 12.6 percent, and Knott County, at 15.9 percent.
Across the state, 13 counties had unemployment rates of 7.5 percent or less, with Woodford County leading the way at 6.5 percent.
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.
Learn more about Kentucky labor market information at www.kylmi.ky.gov.