{Frankfort, Kentucky}...According to numbers released from the state's Education and Workforce Development Cabinet, fewer people filed for unemployment benefits in Kentucky in April. The Blue Grass State's unemployment rate fell to 8.3 percent in April, a 0.3 percent decline from March and a 1.3 percent drop from April 2011. Economist Manoj Shanker says demographic evidence shows the number of Baby Boomers retiring is higher than the number of young workers entering the labor force, and the diminished inflow of new workers lowers the labor force.
Thursday, May 17, 2012
KY Unemployment Rate Declines
{Frankfort, Kentucky}...According to numbers released from the state's Education and Workforce Development Cabinet, fewer people filed for unemployment benefits in Kentucky in April. The Blue Grass State's unemployment rate fell to 8.3 percent in April, a 0.3 percent decline from March and a 1.3 percent drop from April 2011. Economist Manoj Shanker says demographic evidence shows the number of Baby Boomers retiring is higher than the number of young workers entering the labor force, and the diminished inflow of new workers lowers the labor force.
