FRANKFORT Kentucky Governor Andy Beshear reported that the commonwealth posted the lowest unemployment rate in state history. Beshear said the rate is further proof that the commonwealth’s record-breaking economic momentum is benefitting all Kentuckians.
According to the Kentucky Center for Statistics, Kentucky’s seasonally adjusted preliminary April 2022 unemployment rate was 3.9%. The rate is the lowest rate ever recorded since the US 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,” Governor Beshear said. “We’ve secured our spot as a leader by establishing Kentucky as the capital for electric vehicle battery production and agritech. 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. We’re not just talking about building a better Kentucky – we’re doing it.”
Beshear said the news follows a year Kentucky shattered every economic development record in the books including a record $11.2 billion in private-sector new location and expansion projects. More than 33,000 new jobs have been created and private-sector investment has reached more than $17 billion, according to the Governor’s office.