Kentucky unemployment reports normal January rise.
FRANKFORT, Ky. (Feb. 25, 2002) - Kentucky's labor market followed normal
seasonal trends for the beginning of the year as the state's unemployment
rate rose from a revised 5.8 percent in December to 6.4 percent
in January, according to the Department for Employment Services, a Cabinet
for Workforce Development agency.
Kentucky's
January 2002 jobless rate was above the January 2001 rate of 5.6 percent.
The U.S. jobless rate also rose from 5.4 percent in December to 6.3 percent
in January.
"Kentucky's
unemployment rate has increased from December to January for the past 24
consecutive years. Typically, Kentucky has its highest jobless rates
for the entire year in January and February. In fact, the .6 percentage
point increase in Kentucky's rate from December 2001 to January 2002 is the
smallest December to January increase since 1978," said Carlos Cracraft,
the department's chief labor market analyst. "The last time Kentucky had
a January jobless rate as high as 6.4 percent was in January 1997 when it
was 6.8 percent."
All
of the nine major job sectors had employment decreases in January, Cracraft
said.
The
trade sector reported the highest employment loss with 13,800 fewer
jobs in January. "This decline mostly was due to the end of the holiday
season. Every retail trade industry with any connection to the Christmas holiday
season had fewer employees in January," Cracraft said. In the trade sector,
eating and drinking establishments had 4,800 fewer jobs, general merchandise
stores reported 4,200 fewer positions, apparel and accessory stores had 1,100
fewer jobs, building materials and garden supply stores, and miscellaneous
retail stores each had 900 fewer jobs.
The
government sector dropped by 9,200 jobs in January. Cracraft
said most of this loss can be attributed to the between-semesters break
at Kentucky's public education institutions. As a result, 8,300 of
those jobs were in state and local education.
The
services sector, Kentucky's largest employment sector, recorded a loss
of 9,100 positions in January but many of these jobs were seasonal.
The business services category, which includes many temporary and contract
workers, decreased by 3,200 in January. Other seasonal losses were
in amusements and recreation, agricultural services and hotels and other lodging
places. Personal services was one area that gained jobs (+600) in January.
Since January 2001, the sector is up by 8,700 jobs.
The
construction sector recorded its normal employment decline in January
with 7,200 fewer jobs. Cold, damp weather hindered outdoor work and
brought losses in special trade categories, general building contractors
and heavy construction. January 2002 reported 2,500 more construction
jobs than January 2001.
Agriculture
was down by 5,300 jobs in January because of cold weather.
The
transportation, communications and utilities sector recorded 2,000
fewer positions in January 2002. Over the last year the sector has lost
2,600 jobs mostly in air transportation (-2,00).
Job losses
continued in the manufacturing sector as a total of 1,100 fewer jobs
in January. The durable goods category fell by 800 in January while
nondurable goods manufacturing declined by 300 positions. Since January
2001, manufacturing jobs have decreased by 14,900.
The
finance, insurance and real estate sector had 900 fewer jobs in January.
The
mining and quarrying sector had 400 fewer positions in January.
The U.S.
Bureau of Labor Statistics monthly estimate of the number of employed Kentuckians
for January 2002 was 1,850,190. This figure is down 4,298 from the
1,854,488 employed in December 2001, but up 3,564 from the 1,846,626 Kentuckians
employed in January 2001.
The monthly
estimate of the number of unemployed Kentuckians for January 2002 was 126,365.
This figure is up 12,651 from the 113,714 unemployed in December 2001, and
up 15,824 from the 110,541 Kentuckians unemployed in January 2001.
The monthly
estimate of the number of Kentuckians in the civilian labor force for January
2002 was 1,976,555. This figure is up 8,353 from the 1,968,202 recorded
in December 2001, and up 19,388 from the 1,957,167 recorded for January
2001.
The civilian
labor force includes non-military workers and unemployed Kentuckians who
are actively seeking work. It does not include unemployed Kentuckians
who have not looked for employment within the past four weeks.
Employment
and unemployment statistics are based on estimates. They are compiled
to indicate employment trends rather than actually to count numbers of people
who are or are not working.
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