Kentucky’s unemployment report for October 2022

FRANKFORT, Ky. – Kentucky’s seasonally adjusted interim unemployment rate for October 2022 was 3.9%, according to the Kentucky Center for Statistics (KYSTATS), an agency within the Kentucky Education and Labor Cabinet (KELC).

The preliminary unemployment rate in October 2022 increased by 0.1 percentage point from September 2022, but decreased by 0.7 percentage point from the 4.6% recorded for the state a year ago.

The seasonally adjusted unemployment rate in the US was 3.7% for October 2022, up 0.2 percentage points from September 2022, according to the US Department of Labor.

Labor force statistics, including the unemployment rate, are based on estimates from the latest household population survey. The survey aims to measure trends in the number of people in work and includes agricultural jobs and self-employment.

Kentucky’s civilian labor force was 2,060,078 in October 2022, a decrease of 1,983 people from September 2022. The employed decreased 3,976 to 1,979,907 in October, while the unemployed increased by 1,993 to 80,171.

In a separate federal survey of business enterprises that excludes farm jobs and the self-employed, seasonally adjusted nonfarm payrolls in Kentucky increased 1,200 jobs in October 2022 compared to September 2022. Nonfarm payrolls in Kentucky increased 67,100 jobs, or 3 .5% compared to October 2021.

Non-agricultural data is provided by the Bureau of Labor Statistics Current Employment Statistics Program. According to the survey, in October 2022, employment rose in five of the top nonfarm payroll sectors in Kentucky’s North American Industry Classification System (NAICS), fell in three and remained flat in three.

Kentucky’s leisure and hospitality sector grew 2,200 jobs from September 2022 to October 2022, an increase of 1.1%. This sector added 17,500 jobs or 9.3% compared to October 2021. Employment in the arts, entertainment and recreation subsector increased by 700 jobs from September to October. The accommodation and catering subsector created 1,500 new jobs in October.

Kentucky’s education and health services sector added 1,000 jobs as of October 2022. All of this growth took place in the health and social assistance subsector, which added 1,000 jobs in October. Employment in the educational services subsector did not change between September and October. Since last October, this sector has grown by 11,300 jobs or 4%.

Public sector employment increased by 300 jobs from September 2022 to October 2022. Employment increased by 200 jobs in the federal government, 200 jobs in the state government and 100 jobs in local government. Employment in the total government sector increased by 8,000 jobs or 2.7% compared to October 2021.

Employment in other services increased by 300 jobs in October 2022. This sector had 400 more jobs compared to October 2021. This sector includes repair and maintenance, personal care services and religious organizations.

Kentucky manufacturing added 100 jobs from September 2022 to October 2022. Durable goods manufacturers added 300 jobs in October, while non-durable goods manufacturing employment fell by 200 jobs. Kentucky’s manufacturing employment has increased by 2,700 jobs, or 1.1%, since October 2021.

Employment in Kentucky’s mining and logging sectors was flat in October. This sector has grown by 200 jobs since October 2021.

Kentucky’s trade, transportation, and utility sectors had the same jobs from September through October. However, employment increased by 11,600 jobs or 2.8% compared to the previous year. The retail subsector added 700 jobs in October. Still, the gains were offset by a loss of 400 jobs in the wholesale subsector and a loss of 300 jobs in the transportation, warehousing and utilities subsectors.

Employment in the information services sector did not change from September to October. Industries in this sector include traditional and software publishing, motion picture and broadcasting, and telecommunications. The number of jobs in this sector increased by 900 or 4.2% compared to the previous year.

The financial activities sector declined by 500 jobs from September 2022 to October 2022. Most of the decline was in the finance and insurance subsector, which shed 400 jobs in September-October. Employment in the real estate, rental and leasing subsector fell by 100 jobs in October. The financial services sector added 1,400 jobs compared to last October.

Employment in construction decreased by 500 jobs or 0.6% in October 2022 compared to September but increased by 2,100 jobs or 2.7% year-on-year.

Employment in the professional and business services sector in Kentucky decreased by 1,700 jobs, or 0.7%, in October 2022. Employment increased by 200 jobs in the professional, scientific and technical services subsector and by 100 jobs in the business management subsector from September to October. The administration, support and waste management sub-sector lost 2,000 jobs. Employment in this sector has increased by 11,000 jobs or 5% since October 2021.

Civilian labor force statistics include civilian workers and unemployed people from Kentucky who are actively seeking work. Kentucky unemployed who have not looked for a job in the past four weeks are not included.

Kentucky’s statewide unemployment rate and employment level are seasonally adjusted. Employment statistics are subject to wide fluctuations due to seasonal events such as weather changes, harvests, public holidays, and school openings and closings. Seasonal adjustments eliminate these influences and make it easier to observe statistical trends. However, due to the small sample size, the district unemployment rates are not seasonally adjusted.

To learn more about Kentucky’s labor market information, visit http://kystats.ky.gov/KYLMI.

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