Rate for 2022 decreased to 3.9%; lowest rate since Bureau of Labor Statistics began reporting
FRANKFORT, Ky. (March 6, 2023) –Gov. Andy Beshear has announced that Kentucky set the lowest annual unemployment rate in state history for 2022 at 3.9%. This is the lowest rate seen since the U.S. Bureau of Labor Statistics began reporting state unemployment rates in 1976.
The report is according to the Kentucky Center for Statistics, an agency of the Kentucky Education and Labor Cabinet. The U.S. Bureau of Labor Statistics’ estimate of the number of employed Kentuckians for 2022 was 1,968,121.
“Today’s report is another indication that Kentucky is an economic powerhouse and that we are growing good-paying jobs for our families,” Gov. Beshear said. “With the lowest unemployment rate in our state’s history, we know more Kentuckians are chasing their dreams and providing for their families right here at home.”
Click here to read the full report.