Gov. Andy Beshear announces lowest unemployment rate in Kentucky’s history
FRANKFORT, Ky. – Gov. Andy Beshear said Thursday that Kentucky has posted its lowest unemployment rate in history.
According to the Kentucky Center for Statistics, Kentucky’s seasonally adjusted preliminary unemployment rate in April was 3.9%, the lowest rate ever recorded since the U.S. Bureau of Labor and Statistics began reporting state rates in 1976.
“Kentucky’s economy is absolutely on fire, and today’s report shows that continued success is benefiting Kentuckians across the commonwealth,” said Beshear. “We’ve secured our spot as a leader by establishing Kentucky as the capital for electric vehicle battery production and agritech. But even more important, we’re building a Kentucky where our people can create a better life through great jobs, world-class education opportunities, quality health care and strong infrastructure. We’re not just talking about building a better Kentucky – we’re doing it.”
The governor said the new record is taking place after the state beat every economic development record in the book in the past year, which included a record $11.2 billion in private-sector new location and expansion projects and the creation of more than 18,000 full-time jobs.
Last week, the governor announced the highest-ever monthly general fund receipts of $1.84 billion.
Earlier this week, the governor announced Site Selection magazine placed Kentucky at 6th in its annual Prosperity Cup rankings for 2022, which recognizes state-level economic success based on capital investments.