Governor Steve Beshear has signed a plan to save employers from federal unemployment insurance tax hikes into law. At his first ceremonial bill signing of the year, Beshear praised lawmakers and the business and labor communities for reaching a compromise. House Bill 495 would allow Kentucky to borrow money from a state organization to repay… Continue reading Beshear Signs Deal on Unemployment Loan Interest Payments Into Law
The unemployment rate for the 13-county Louisville Metro area increased to 9.6 percent in January, according to the Kentucky Education and Workforce Development Cabinet. The report issued Thursday compiles the figures for the region that includes southern Indiana and shows over 60,000 unemployed workers. In December, the Louisville jobless rate was 8.9 percent. But officials… Continue reading Louisville Unemployment Rate Rises
Kentucky general fund revenues grew 6.6 percent in January — a $45 million increase over last year. Budget Director Mary Lassiter reports the state is likely to meet or slightly exceed the revenue estimate for the year. The result would be a balanced state budget or even a small surplus.
Magoffin County had the highest November jobless rate, at 18.3 percent.
One thousand people recently showed up when Mountain Valley Recycling announced it was hiring 360 people in Frankfort. Now, Gov. Beshear has helped cut the ribbon on the $9 million dollar plant, which recycles plastic waste into resins that will be used for new products.
From Kentucky Public Radio’s Tony McVeigh Kentucky’s unemployment rate held steady from March to April, but remains at a 25-year high. A year ago, Kentucky’s April jobless rate was six-point-one percent. This April, it remains at the March, 2009 level of 9.8%, according to the latest figures released by the Education and Workforce Development Cabinet.… Continue reading Kentucky's Jobless Rate Steady
Kentucky’s unemployment rate jumped to 6.7% in July, up from 6.3% in June. The jobless rate in July of 2007 was 5.5%. Spokesperson Kim Saylor Brannock with the Kentucky Education and Workforce Development Cabinet says the higher rate is not surprising. “Mainly it’s that the Kentucky economy, like many other states, is grappling with the fallout from… Continue reading KY Jobless Rate Rose In July