Kentucky’s jobless rate dips to 4.9 percent

FRANKFORT, Ky. (WTVQ) -Kentucky’s preliminary October 2015 unemployment rate dipped to 4.9 percent from a seasonally adjusted 5 percent in September 2015, according to the Office of Employment and Training (OET.) Kentucky’s jobless rate had not been that low since May 2001 when it was 4.9 percent.

The state rate in October 2015 was 0.7 percent below the 5.6 percent rate recorded in October 2014.

The U.S. seasonally adjusted jobless rate was 5 percent in October 2015 compared to 5.1 percent in September 2015, according to the U.S. Department of Labor.

In October 2015, Kentucky’s civilian labor force was 1,929,078, a decline of 1,553 individuals compared to the previous month. Employment was up by 1,661, and the number of unemployed decreased by 3,214.

Learn more about Kentucky labor market information at https://kylmi.ky.gov/.