The state Education and Labor Cabinet’s new unemployment figures show jobless rates rising in nearly every county from November of ’22 to last November. Mike Clark is the director of the Center for Business and Economic Research at the University of Kentucky. He said the increases come after the state posted its lowest unemployment rate since they began being tracked in 1976.
"You know, unemployment rates rarely get this low, and they have moved up over the last few months. And they've been moving up steadily. But they are still at very low levels when you compare them to history. So really, what we're kind of seeing here is kind of this general slowing of the economy.”
