Gov. Andy Beshear announced Tuesday that Kentucky’s unemployment rate is the lowest in history.
Kentucky’s seasonally adjusted preliminary April 2022 unemployment rate was 3.9 percent, according to the Kentucky Center for Statistics, an agency within the Education and Workforce Development Cabinet. It is the lowest rate ever recorded since the U.S. Bureau of Labor and Statistics began reporting state rates in 1976.
“Kentucky’s economy is absolutely on fire, and today’s report shows that continued success is benefiting Kentuckians across the commonwealth,” Beshear said.
Beshear specifically referenced big economic gains in the state in electric vehicle and battery production, agritech, and and federal cash delivered to Kentucky through pandemic-related legislation.
Last week, the governor reported the highest-ever monthly general fund receipts of $1.84 billion. That is up 34.9 percent over last April’s collections, bringing Kentucky’s year-to-date growth rate to 16.4 percent, a state news release said.
“But even more important, we’re building a Kentucky where our people can create a better life through great jobs, world-class education opportunities, quality health care, and strong infrastructure,” Beshear said. “We’re not just talking about building a better Kentucky – we’re doing it.”