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Kentucky's jobless rate drops to 10.7 percent in March News from KY Education and Workforce Development Cabinet FRANKFORT, KY,APRIL 15, 2010 0 Kentucky's seasonally adjusted preliminary unemployment rate fell to 10.7 percent in March 2010 from a revised 10.9 percent in February 2010, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet. March 2010's jobless rate is .6 percentage points higher than the 10.1 percent rate recorded in March 2009 for Kentucky. The 10.7 percent rate recorded in March 2010 matches the 10.7 percent rate in Kentucky in January 2010. "Kentucky's economy showed some signs of stabilization in March 2010. However, the employment gains are inflated by employees at a major manufacturer returning to work after a temporary layoff and temporary hiring at a federal agency engaged in data collection efforts," said Dr. Justine Detzel, OET chief labor market analyst. The U.S. seasonally adjusted jobless rate remained at 9.7 percent from February 2010 to March 2010, according to the U.S. Department of Labor. Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working. This story was posted on 2010-04-16 17:56:29
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