ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 



































 
KY 2021 annual unemployment rate decreased to 4.7%

By Gabe Tomlin/Mike Clark

Frankfort, KY - Kentucky's annual unemployment rate for 2021 was 4.7% according to the Kentucky Center for Statistics (KYSTATS), an agency of the Kentucky Education and Workforce Development Cabinet. This is a decrease from 6.4% in 2020.

The U.S. annual unemployment rate fell to 5.3% in 2021 from 8.1% in 2020.


The U.S. Bureau of Labor Statistics' estimate of the number of employed Kentuckians for 2021 was 1,941,737. This figure was up 54,738 from the 1,886,999 employed in 2020.

The number of unemployed Kentuckians for 2021 was 95,205, down 34,598 or 26.7% from the 129,803 unemployed in 2020. There were 98,127 fewer individuals or 50.8% less unemployed in 2021 than 10 years ago.

In 2021, the estimated number of Kentuckians in the civilian labor force was 2,036,942. This was up 20,140 from the 2,016,802 recorded in 2020, and down 24,558 from 10 years ago when the civilian labor force was 2,061,500.

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

Forty-nine states experienced a statistically significant decrease in their annual unemployment rates from 2020 to 2021. Maine's unemployment rate for 2021 was not statistically different from 2020. Kentucky's unemployment rate for 2021 was higher than 24 states and lower than 25 states. California had the highest unemployment rate in 2021 at 7.3%. Nebraska had the lowest rate at 2.5%. Among its surrounding states, Kentucky's unemployment rate was lower than Illinois, Ohio and West Virginia and higher than Indiana, Missouri, Tennessee, and Virginia.

"The annual labor force estimates show that Kentucky's economy improved significantly from 2020 to 2021," said University of Kentucky's Center for Business and Economic Research (CBER) Director Mike Clark, Ph.D. "However, because the annual estimates are averages for the year, they tend to mask the improvements that occurred throughout 2021. For example, from December 2020 to December 2021, the number of people unemployed was down 4.1%; the number employed was up 2.2%, and the number in the labor force was up 1.9%."

In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky's nonfarm payroll in 2021 increased by 59,100 or 3.2% to 1,896,400 jobs.


This story was posted on 2022-03-07 11:12:17
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.



 

































 
 
Quick Links to Popular Features


Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com.

 

Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.