Kentucky leaders are watching the Waxman-Markey climate change and energy bill make its way through Congress.
Several large U.S. corporations announced massive lay-offs nationwide this week. About 55,000 jobs were lost in a single day. It’s not yet clear whether any of those losses will come from Kentucky. What is clear is that the most recent unemployment statistics here show little improvement.
Kentucky Governor Steve Beshear told local government leaders from across the state Friday that they shouldn’t be intimidated by the tough economic times. During a speech to the Kentucky League of Cities convention in Louisville, Beshear said the state is pressing even harder now to attract new industry to Kentucky, beyond manufacturing jobs. “They’re important,… Continue reading Beshear Speaks At KLC Convention
Ford Motor Company has announced earnings for the second quarter, reporting a loss of $8.6 billion. As it released earning numbers this morning, Ford also confirmed that it will convert three truck plants to produce smaller cars. It will retool the Louisville Assembly Plant to produce vehicles on the European Focus frame, starting in 2011.… Continue reading Ford Announces Q2 Loss; Confirms Plans for Plants
Kentucky’s unemployment rate climbed again in June to 6.3%–compared to the national average of 5.5%.