Employment total expelled for Boyd County

Posted: Thursday, Jun 18, 2015 11:51 pm

Employment sum expelled for Boyd County

By LANA BELLAMY
The Independent

The Independent Online

ASHLAND — Preliminary stagnation information from a Kentucky Education and Workforce Development Cabinet shows a state’s jobless rate is unchanging with final month’s rate.

The revised Apr rate (or rather, a “confirmed” stagnation information) showed a state’s stagnation rate during 5.1 percent, that is a same as a rate primarily announced for May on Thursday, according to a KEWDC’s Office of Employment Training.

Kentucky’s rate stays next a inhabitant stagnation normal of 5.5 percent, that rose from 5.4 percent accessible in April, according to a U.S. Department of Labor. The Kentucky Career Center website provides a county-by-county relapse of practice and labor force information adult to April, that is a many present statistics accessible right now.

Ashland Alliance President Tim Gibbs pronounced he uses information from a website to investigate Greenup and Boyd counties’ economies. Gibbs pronounced he enjoys formulating “dashboards,” which yield an at-a-glance perspective of a counties’ economies to assistance cut by a weight of statistics and numbers that can be tough for some to understand.

For instance, Gibbs pronounced he prefers to demeanour during information display how many are employed, rather than looking during how many are unemployed. He explained stagnation sum can be formidable to know given they do not embody those who are not during that time receiving stagnation advantages or those who are authorised to do so, and combined stagnation rates magnitude a commission of people actively sketch stagnation advantages from a sum work force.

As of April’s rough report, Boyd County had a labor force of 18,558, with 17,431 employed and 1,127 unemployed. This leaves an stagnation rate during 6.1 percent and shows a latest trend in a solid decrease of impoverished people in Boyd County given 2014.

According to a Kentucky Career Center website, a 2014 stagnation rate was 7.4 percent, afterwards forsaken to 6.8 percent in Mar and jumped down to 6.1 percent by April. The employed rates, however, have stayed flattering most a same, hovering around 17,500 during a past year. Gibbs pronounced he provides a “dashboard” looks during a internal economy any month for his house and pronounced he skeleton to recover a information to a open some-more often.

“We lane things like housing, how prolonged houses stay on a market, a normal cost of housing and a few other things that go into mercantile impact,” he said.

In other words, he pronounced it will be means to answer a public’s doubt of “What’s a heat of a community? Is it removing improved or is it not?”

For county-by-county mercantile information, go to https://kylmi.ky.gov/vosnet/analyzer/results.aspx?session=labforce

LANA BELLAMY can be reached during lbellamy@dailyindependent.com or (606) 326-2653. Follow @lanabellamy_DI on Twitter.


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Thursday, Jun 18, 2015 11:51 pm.

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