The state’s unemployment rate in November drops slightly to 4.1%, down 1.5% from a year ago

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Kentucky’s seasonally adjusted preliminary unemployment rate in November 2021 was 4.1%, according to the Kentucky Center for Statistics (KYSTATS).

The preliminary unemployment rate for November 2021 was down 0.1 percentage point from the 4.2% reported in October 2021 and down 1.5 percentage points from the 5.6% recorded for the State a year ago.

The seasonally adjusted unemployment rate in the United States for November 2021 was 4.2%, down from 4.6% reported in October 2021, according to the United States Department of Labor.

Labor force statistics, including the unemployment rate, are based on estimates from the Current Household Population Survey. The survey is designed to measure trends in the number of people working and includes jobs in agriculture and the self-employed.

Kentucky’s civilian labor force was 1,997,104 in November 2021, an increase of 4,866 people from October 2021. The number of people employed in November increased from 7,782 to 1,915,421 while the number of unemployed decreased from 2,916 to 81,683.

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“Kentucky’s labor market showed further signs of improvement in November, as more people returned to the workforce and found jobs,” said Mike Clark, Ph.D., director of the Center. for Business and Economic Research (CBER) at the University of Kentucky. “Job seekers find work faster than people return to the job market. This brought the state’s unemployment rate down to levels just before the pandemic. While this is encouraging, the total number of people in Kentucky’s workforce and the number of people employed are still below pre-pandemic levels. “

In a separate federal survey of business establishments that excludes agriculture and self-employed jobs, seasonally adjusted non-farm employment in Kentucky increased by 2,600 jobs in November 2021 compared to October 2021. Non-farm employment of Kentucky increased by 34,500 jobs or 1.9% from November 2020.

“Kentucky companies continued to increase their payrolls in November,” Clark said. “The state’s leisure and hospitality sector leads job growth for the month.”

Non-farm data is provided by the Current Employment Statistics program of the Bureau of Labor Statistics. According to the survey, employment increased for six of the top 11 non-farm employment sectors of Kentucky’s North American Industry Classification System (NAICS) in November 2021, while five declined.

“While declining employment within an industry often reflects reduced demand for the goods and services produced by the industry, this might not be the case in today’s job market,” Clark said. “While the demand for workers in recent months has grown faster than workers returned to the workforce, employers are competing aggressively for workers. Recent declines in employment in some sectors may reflect the difficulties some companies are having in attracting and retaining workers.

Employment in Kentucky’s leisure and hospitality industry increased by 1,600 from October 2021 to November 2021, a gain of 0.9%. This sector was up 3,400 jobs or 2% compared to November 2020. The arts, entertainment and recreation sub-sector added 1,200 jobs while the accommodation and hospitality services sub-sector added. catering added 400 jobs in November.

The commerce, transportation and utilities sector added 1,500 jobs from October 2021 to November 2021. Retail trade employment increased by 800 jobs in November. Wholesale trade lost 400 jobs. Transportation, warehousing and utilities created 1,100 jobs. Since November 2020, employment in this sector has increased by 13,100 jobs or 3.3%.

Construction employment increased by 600 jobs in November 2021, or 0.7% from October. The construction sector was up 3,700 jobs or 4.7% from a year ago.

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The government sector added 400 jobs from October 2021 to November 2021. This represents an increase of 0.1% from October 2021. Federal government employment fell by 200 jobs. Employment increased by 100 state government jobs and 500 local government jobs. Total public service employment increased by 2,700 or 0.9% from November 2020.

Kentucky’s educational and health services sector created 400 jobs in November 2021. The educational services subsector added 700 positions from October to November, while the health care and social assistance has lost 300 jobs. Since last November, this sector has increased by 7,800 jobs or 2.8%.

Employment in the other services sector increased by 200 jobs in November 2021 and by 1,700 positions since November 2020. The other services sector includes repairs and maintenance, personal care services and religious organizations.

The information services sector lost 100 jobs from October to November. Industries in this sector include traditional publishing as well as software publishing; motion pictures and broadcasting; and telecommunications. The number of jobs in this sector is down 300 or 1.5% from a year ago.

Jobs in Kentucky’s mining and forestry industry fell by 200 jobs from October 2021 to November 2021. The industry was down 600 jobs or 8.2% from a year ago.

Employment in the financial activities sector decreased by 400 jobs in November 2021. The finance and insurance sub-sector lost 500 jobs from October 2021 to November 2021. The real estate, rental and leasing gained 100 jobs in November. The financial activities sector is up 300 jobs or 0.3% compared to last November.

The professional and business services sector decreased by 600 jobs or 0.3% in November 2021. Employment decreased by 100 jobs in the professional, scientific and technical services subsector and by 500 jobs in the sub-sector. -administrative and support sector and waste management. Employment in the business management subsector was unchanged from October to November. Employment in this industry has declined by 7,100 or 3.4% since November 2020.

Employment among Kentucky manufacturers fell by 800 jobs or 0.3% from October 2021 to November 2021. The durable goods subsector fell 1,000, or 0.6%, from October to November . Employment in non-durable goods increased by 200 positions. Kentucky manufacturing employment has increased by 9,800 or 4.1% since November 2020.

Civilian workforce statistics include non-military workers and the unemployed in Kentucky who are actively looking for work. They do not include unemployed Kentucky workers who have not looked for work in the past four weeks.

The unemployment rate and employment levels throughout the state of Kentucky are seasonally adjusted. Employment statistics are subject to large fluctuations due to seasonal events, such as weather changes, harvests, vacations, and school openings and closings. Seasonal adjustments eliminate these influences and make it easier to observe statistical trends. However, due to the small sample size, county unemployment rates are not seasonally adjusted.

To learn more about Kentucky Labor Market Information, visit cystats.ky.gov.

Workforce Education and Development Cabinet


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