Hodgenville and Larue County will benefit from the growth in Elizabethtown and Hardin County, as it has enjoyed solid payroll growth since 2007. Much of that has been the result of jobs associated with Fort Knox.
As long as the next round of Base Realignment and Closure Commission is favorable to the area, this will continue to be the outcome in the region.
A recent report from the Kentucky Chamber of Commerce shows bordering Hardin County is among the better economically performing areas, along with Madison and Christian Counties; both of which also have military bases located in them.
The concern is how consistent the amount of dollars allocated to these bases will continue to remain level or increase. If it is decided to cut back on funding any time in the future, Hardin and Larue County will suffer as a result.
As for the overall state of Kentucky, since 2007, it still hasn't reached the job level it was at in 2007, still down by close to 34,000 jobs, or 2%.
Showing posts with label Jobless Rate. Show all posts
Showing posts with label Jobless Rate. Show all posts
December 28, 2013
November 29, 2013
Kentucky Democrats, Beshear, Obamacare and Economic Growth
Editorial
It is increasingly clear that Democratic Kentucky Governor Steve Beshear is a tool of the Obama administration, in light of the media assertion Obamacare is doing well in the state. That's being touted even though hundreds of thousands of people in Kentucky will lose their desired insurance carrier.
Beshear wrote an op-ed in the liberal New York Times saying Obamacare is going to be a boon for the state, and will be good for the health of the people of the commonwealth, even though it is proven there will be death panels to decide on who receives care, as well as money given to allow abortions.
What isn't reported by many news outlets in Kentucky is the fact Kentucky's economy is getting hammered, with unemployment climbing to 8.4 percent, higher than it was in October 2012.
From September 2013, the civilian labor force in Kentucky has shrunk by almost 10,000, led by a 2,100 plunge in manufacturing jobs in October. A combination of over 9,00 logging and mining jobs have been lost over the last 12 months, with the information sector losing 1,700 jobs. Building has also declining, shedding almost 2,000 jobs over the last 12 months.
Yet Beshear and the Democrats continue to plug the Obamacare disaster as a source of growth. Whenever a state counts on government programs for growth, it's going to decline, as has Beshear's Kentucky.
The pathetic and unprofessional Democratic Governor said in the op-ed when responding to the workability and/or constitutionality of Obamacare, that the people of Kentucky need to get over it.
No. The people of Kentucky need to get over Beshear, the Democrats, and senate candidate Alison Lundergan Grimes, who are all wrong for the conservative, god-fearing people of Kentucky.
We must reject the Democratic Party in Kentucky for moving lock-step with the liberal Obama. The only way to save the state is to vote in conservatives who represent the values of Kentuckians, and will represent them in the face of whatever opposition arises.
Big government programs are not economic growth, and until the liberal Democrats of Kentucky understand that, we need to vote them out in droves until they respond to who the people of Kentucky are and what they believe.
It is increasingly clear that Democratic Kentucky Governor Steve Beshear is a tool of the Obama administration, in light of the media assertion Obamacare is doing well in the state. That's being touted even though hundreds of thousands of people in Kentucky will lose their desired insurance carrier.
Beshear wrote an op-ed in the liberal New York Times saying Obamacare is going to be a boon for the state, and will be good for the health of the people of the commonwealth, even though it is proven there will be death panels to decide on who receives care, as well as money given to allow abortions.
What isn't reported by many news outlets in Kentucky is the fact Kentucky's economy is getting hammered, with unemployment climbing to 8.4 percent, higher than it was in October 2012.
From September 2013, the civilian labor force in Kentucky has shrunk by almost 10,000, led by a 2,100 plunge in manufacturing jobs in October. A combination of over 9,00 logging and mining jobs have been lost over the last 12 months, with the information sector losing 1,700 jobs. Building has also declining, shedding almost 2,000 jobs over the last 12 months.
Yet Beshear and the Democrats continue to plug the Obamacare disaster as a source of growth. Whenever a state counts on government programs for growth, it's going to decline, as has Beshear's Kentucky.
The pathetic and unprofessional Democratic Governor said in the op-ed when responding to the workability and/or constitutionality of Obamacare, that the people of Kentucky need to get over it.
No. The people of Kentucky need to get over Beshear, the Democrats, and senate candidate Alison Lundergan Grimes, who are all wrong for the conservative, god-fearing people of Kentucky.
We must reject the Democratic Party in Kentucky for moving lock-step with the liberal Obama. The only way to save the state is to vote in conservatives who represent the values of Kentuckians, and will represent them in the face of whatever opposition arises.
Big government programs are not economic growth, and until the liberal Democrats of Kentucky understand that, we need to vote them out in droves until they respond to who the people of Kentucky are and what they believe.
March 21, 2013
Kentucky Loses 150 Jobs in February
Even though the loss of 150 jobs in February in Kentucky wasn't enough to move the existing 7.9 percent jobless rate, it does confirm the ongoing fragility of the economy in the Bluegrass state.
Sectors losing the most jobs were in financial services and the information business. In broadcast and media, about 1,000 jobs were lost in February. About 600 jobs were lost in the financial services sector. Unsurprisingly, the mining and logging sector lost about 300 jobs in February.
According to the Kentucky Office of Employment and Training, those sectors gaining jobs included manufacturing, which gained 3,100 jobs; leisure and hospitality sector added 2,300 jobs; and the educational and health services sector grew 1,200 jobs
It's uncertain as to why state economist Manoj Shanker said a loss in jobs shows "considerable improvement" in gaining back jobs lost during the recession. It's a state agency though, and so will attempt to spin the most positive outlook even with weak job creation data.
Sectors losing the most jobs were in financial services and the information business. In broadcast and media, about 1,000 jobs were lost in February. About 600 jobs were lost in the financial services sector. Unsurprisingly, the mining and logging sector lost about 300 jobs in February.
According to the Kentucky Office of Employment and Training, those sectors gaining jobs included manufacturing, which gained 3,100 jobs; leisure and hospitality sector added 2,300 jobs; and the educational and health services sector grew 1,200 jobs
It's uncertain as to why state economist Manoj Shanker said a loss in jobs shows "considerable improvement" in gaining back jobs lost during the recession. It's a state agency though, and so will attempt to spin the most positive outlook even with weak job creation data.
March 14, 2013
Kentucky Jobless Rates Improve in 83 Counties
In January the jobless rate in Kentucky is reported to have continued to improve, with 83 counties have unemployment rates drop, according to figures released by the Office of Employment and Training Thursday.
The lowest unemployment rate by far was in Woodford County, which came in at 5.9 percent. Next was
Fayette County, 6.5 percent; Oldham County, 6.6 percent; Shelby County, 6.7 percent; Madison County, 7 percent; Franklin County, 7.1 percent; Daviess and Scott counties, 7.2 percent each; and Anderson, Hancock and Union counties, 7.3 percent each.
The worst unemployment rate was in Magoffin County — 18.8 percent. Next was Letcher County, 16.9 percent; Leslie County, 16.4 percent; Harlan County, 15.8 percent; Fulton County, 15.2 percent; Jackson and Knott counties, 15.1 percent each; Bell County 14.7 percent; Menifee County, 14.6 percent; and McCreary County, 14.4 percent.
Overall, unemployment in the commonwealth dropped from 9.5 percent in 2011 to 8.2 percent in 2012.
As with all unemployment statistics, it's hard to gauge the actual economic performance because of people no longer searching for work, which could skew the statistics to look better than they are.
As for actual job creation, an estimated 28,800 jobs were added to the economy last year. The question of course is the quality of those jobs and whether they were the result of employees seeking second jobs because of the cutbacks related to Obamacare.
The lowest unemployment rate by far was in Woodford County, which came in at 5.9 percent. Next was
Fayette County, 6.5 percent; Oldham County, 6.6 percent; Shelby County, 6.7 percent; Madison County, 7 percent; Franklin County, 7.1 percent; Daviess and Scott counties, 7.2 percent each; and Anderson, Hancock and Union counties, 7.3 percent each.
The worst unemployment rate was in Magoffin County — 18.8 percent. Next was Letcher County, 16.9 percent; Leslie County, 16.4 percent; Harlan County, 15.8 percent; Fulton County, 15.2 percent; Jackson and Knott counties, 15.1 percent each; Bell County 14.7 percent; Menifee County, 14.6 percent; and McCreary County, 14.4 percent.
Overall, unemployment in the commonwealth dropped from 9.5 percent in 2011 to 8.2 percent in 2012.
As with all unemployment statistics, it's hard to gauge the actual economic performance because of people no longer searching for work, which could skew the statistics to look better than they are.
As for actual job creation, an estimated 28,800 jobs were added to the economy last year. The question of course is the quality of those jobs and whether they were the result of employees seeking second jobs because of the cutbacks related to Obamacare.
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