Kentucky’s unemployment rate in August 2021 was 4.3%

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FRANKFURT, Ky. – Seasonally adjusted Kentucky preliminary in August 2021 unemployment rate was 4.3%, according to the Kentucky Center for Statistics (KYSTATS), an agency of the Education and Workforce Development (EWDC) Cabinet.

The preliminary unemployment rate for August 2021 was down a tenth of a percentage point from July 2021 and down 1.2 percentage points from the 5.5% recorded for the state a year ago .

The seasonally adjusted unemployment rate in the United States for August 2021 was 5.2%, down from the 5.4% reported in July 2021, according to the United States Department of Labor.

Labor force statistics, including the unemployment rate, are based on estimates from the Household Current 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 1,985,954 in August 2021, an increase of 5,170 people from July 2021. The number of people employed in August increased from 6,769 to 1,900,959 while the number of unemployed decreased from 1,599 to 84,995.

In a separate federal survey of business establishments that excludes agriculture and self-employed jobs, seasonally adjusted non-farm employment in Kentucky increased by 20,800 jobs in August 2021 compared to July 2021. Non-farm employment of Kentucky is up 47,000 jobs or 2.6% from August 2020.

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 August 2021, while two declined and three were remained unchanged.

The public sector rebounded in August, adding 12,400 jobs compared to July 2021. This represents an increase of 4.4% from July 2021. Local government jumped by 13,100 jobs in August. Federal employment remained unchanged and state employment declined by 700 jobs. Total public service employment decreased by 6,100 positions or 2% from August 2020.

Employment in Kentucky manufacturers increased by 5,700 jobs or 2.3% from July 2021 to August 2021. The durable goods subsector accounted for all of this increase with an increase of 5,700 jobs, or 3.6% compared to July. Non-durable goods remained unchanged from July to August. Kentucky manufacturing employment has increased by 14,600 jobs or 6.2% since August 2020.

Kentucky’s educational and health services sector created 2,500 jobs in August 2021. The educational services sub-sector gained 300 positions from July to August while the health-care and education sub-sector gained 300 positions from July to August. social assistance has gained 2,200 positions. Since last August, this sector has increased by 8,300 jobs or 3%.

The professional and business services sector gained 2,100 jobs or 1% in August 2021. Employment in the professional, scientific and technical services subsector increased by 1,100 jobs. The administration and support and waste management sub-sector also added 1,100 jobs. The business management sub-sector lost 100 jobs. Employment in this industry has increased by 2,200 or 1.1% since August 2020.

The commerce, transportation and utilities sectors added 1,000 jobs from July 2021 to August 2021. Retail trade employment fell by 400 jobs in August; wholesale trade increased by 1,500 positions; and transportation, warehousing and utilities lost 100 jobs. Since August 2020, employment in this sector has increased by 9,400 jobs or 2.4%.

Employment in the other services sector increased by 800 jobs in August 2021 and reached 3,400 positions since August 2020. The other services sector includes repairs and maintenance, personal care services and religious organizations.

Employment in the financial activities sector was unchanged in August 2021. The finance and insurance subsector decreased by 400 jobs from July 2021 to August 2021. These losses were offset by an increase of 400 jobs in the real estate, rental and leasing sub-sector. The sector has grown by 3,500 jobs or 3.8% since last August.

The number of jobs in Kentucky’s mining and forestry industry was unchanged from July 2021 to August 2021. The industry was down 400 jobs or 5.4% from a year ago.

Employment in the information services sector was unchanged from July to August. 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 200 or 1% from a year ago.

Construction employment fell by 900 jobs in August 2021, a loss of 1.1% from July. The construction sector was up 4,400 jobs or 5.8% from a year ago.

Kentucky’s leisure and hospitality industry contracted 2,800 jobs from July 2021 to August 2021, a loss of 1.6%. This sector was up 7,900 jobs or 4.8% from August 2020. The accommodation and food services subsector lost 2,900 jobs from July to August. The arts, entertainment and recreation subsector gained 100 positions.

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.

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