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Kentucky Unemployment At Lowest Since 2001

Unemployment 12-2015 to 06-2016Even as Kentucky Governor Matt Bevin has taken to social media to tout the occasional creation of new jobs—whether it’s 310 new jobs and $57 million in investment, or 150 new jobs in Russell County with a $43 million investment—Kentuckians have a good right to be proud of the turnaround in the state under the new administration. What’s more impressive is the declining rate in unemployment in the state. The truth is that the last time the unemployment rate was this low was in June 2001, fifteen years ago.

Steve Beshear liked to claim that his administration halved the unemployment rate —without admitting that they first doubled it. During the corresponding period of the first 7 months of the Beshear administration, the unemployment rate rose from 5.5% to 6.3%. The former governor left the state with a higher rate of unemployment than the one he inherited. Bevin, meanwhile, has reversed the trend and seen the unemployment rate drop from 5.6% to 5.0% today. This translates to 34,845 more Kentuckians earning a paycheck today than the day Matt Bevin was sworn into office.

None of this is likely to be celebrated by an antagonistic media, they’re more worried about a building that was named for Jane Beshear in the days before her husband left office. Priorities, Kentucky, priorities.


Source: U. S. Bureau of Labor Statistics (www.bls.gov)