Following suit of last month, unemployment in the county has decreased for the month of October, dropping from 3.5% in 2018 to 3.2% in 2019.
Madison County was one of 85 counties that saw decreases in their unemployment. In the monthly unemployment data report, Madison County recorded 45,802 people employed, with 1,525 unemployed.
Unlike the counties that saw decreases, 24 counties saw increases and 11 counties' percentages stayed the same, according to the Kentucky Center for Statistics (KYSTATS), an agency of the Kentucky Education and Workforce Development Cabinet.
Fayette and Oldham counties recorded the lowest jobless rates in the Commonwealth at 2.8% each. They were followed by Boone and Woodford counties, 2.9% each; Campbell, Henry, Pendleton, Scott and Shelby counties, 3% each; and Jessamine, Kenton and Spencer counties, 3.1% each.
Magoffin County recorded the state’s highest unemployment rate at 10.9%. It was followed by Harlan County, 10.3%; Leslie County, 8.8%; Letcher County, 7.6%; Elliott County, 7%; Lewis County, 6.9%; Breathitt County, 6.7%; Bell and Owsley counties, 6.4% each; and Knott, Martin and Wolfe counties, 6.2% each.
The comparable, unadjusted unemployment rate for the state was 3.7% for October 2019, and 3.3% for the nation.
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. The data should only be compared to the same month in previous years.
Learn more about Kentucky labor market information at https://kystats.ky.gov/KYLMI.
Reach Taylor Six at 624-6623 or follow her on Twitter at @TaylorSixRR.