floydcountytimes.com

Jobless rates dip slightly from October to November

Ralph B. Davis rdavis@civitasmedia.com

December 27, 2013

Unemployment rates across the Big Sandy region are down slightly from a month ago, but remain 10 percent higher than what they were a year ago, according to the latest figures released by the Kentucky Education and Workforce Development Cabinet.


Across the five counties of the Big Sandy Area Development District, unemployment dropped to 11 percent in November, which is down from 11.6 percent in October but higher than the 10 percent figure posted in November 2012.


Floyd County saw a smaller drop, moving from 11.6 percent in October to 11.4 percent in November. Last month’s figure was slightly higher than the 10.7 percent rate from November 2012.


Johnson County posted the lowest jobless rate across the region last month, at 9.7 percent. That was virtually unchanged from the previous months’ 9.8 percent, but significantly higher than the 8.9 percent posted in November 2012.


Magoffin County continued to post the highest rate in the Big Sandy region, at 15.8 percent, compared to 16.1 percent in October and 15 percent in November 2012.


The two remaining counties in the Big Sandy region, Pike and Martin, posted identical rates of 10.6 percent. Martin County had an unemployment rate of 11 percent in October and 10.1 percent in November 2012, while Pike County had rates of 11.6 percent in October and 9.2 percent in November 2012.


Statewide, the unemployment rate was 7.7 percent in November, while the comparable nationwide rate was 6.6 percent.