economy http://wfpl.org en Kentucky Unemployment Increases Compared to 2012 http://wfpl.org/post/kentucky-unemployment-increases-compared-2012 <p>The unemployment rate has risen over the past year in 96 of Kentucky’s 120 counties.</p><p>Data released by the Kentucky Office of Employment and Training says that the unemployment rate rose to 7.7 percent, up .3 percent over 7.4 percent last year.</p><p>The hardest hit counties are in Eastern Kentucky, with Leslie County having the state's highest jobless rate at 16.4 percent.&nbsp;</p> Thu, 26 Dec 2013 18:34:33 +0000 Jonathan Meador 8031 at http://wfpl.org Kentucky Unemployment Increases Compared to 2012 Study: A Louisville Family of Four Needs $61,171 Per Year to 'Get By' http://wfpl.org/post/study-louisville-family-four-needs-61171-year-get <p>The federal government has a figure for how much it takes to not live in poverty—for a family of four, it's $23,550. That's the federal poverty level.</p><p>It's useful information for determining who is eligible for certain benefits.</p><p>But anyone who has read finance news in the past five years know that &nbsp;even people who aren't at risk of being in poverty (as defined by the government) are struggling. After all, some family out there are earning $23,551—and making twice that is still less than $50,000.</p> Sun, 21 Jul 2013 11:00:00 +0000 Joseph Lord 6178 at http://wfpl.org Study: A Louisville Family of Four Needs $61,171 Per Year to 'Get By' Kentucky Child Care Subsidy Lacks Stability Even After Deep Cuts Start on Monday http://wfpl.org/post/kentucky-child-care-subsidy-lacks-stability-even-after-deep-cuts-start-monday <p>Drastic cuts to a Kentucky program that offers financial assistance for child care costs to low-income working families go into effect Monday with little hope of full restoration anytime soon.</p><p>In fact, the state official whose agency administers the subsidy said it's still not exactly stable—that's because the program is based on projections that could change if demand is higher than expected among those who still qualify. Plus, the program depends on state and federal budgets—each of which can fluctuate in the future.</p> Sun, 30 Jun 2013 11:01:15 +0000 Joseph Lord 5956 at http://wfpl.org Kentucky Child Care Subsidy Lacks Stability Even After Deep Cuts Start on Monday Economic Growth Picked Up Slightly In Third Quarter http://wfpl.org/post/economic-growth-picked-slightly-third-quarter The U.S. economy grew at a 2 percent annual rate in the third quarter, <a href="http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm" target="_blank">the Bureau of Economic Analysis says</a>.<p>That follows growth (at annual rates) of 1.3 percent in the second quarter and 2 percent in the first.<p>At 2 percent, the third-quarter estimate is a bit better than the 1.8 percent that economists were expecting, <a href="http://www.bloomberg.com/news/2012-10-26/u-s-stock-futures-drop-as-apple-earnings-miss-estimates.html" target="_blank">Bloomberg News says</a>. Fri, 26 Oct 2012 13:56:51 +0000 Mark Memmott 2188 at http://wfpl.org Economic Growth Picked Up Slightly In Third Quarter Kentucky Unemployment Rate Stays Flat at 8.2 Percent http://wfpl.org/post/kentucky-unemployment-rate-stays-flat-82-percent <p><a href="http://www.workforcekentucky.ky.gov/cgi/dataanalysis/labForceReport.asp?menuchoice=LABFORCE">The latest numbers</a> show Kentucky&#39;s unemployment rate staying flat from May to June.</p><p>The Office of Employment and Training says the jobs rate remained at 8.2 percent, which matches the national jobless figure.</p><p>This ends a long trend of monthly declines in the unemployment rate. The rate was 8.8 at the beginning of this year, and 9.6 in June of last year.</p> Thu, 19 Jul 2012 16:09:00 +0000 Gabe Bullard 1064 at http://wfpl.org First Data Will Lay Off 344 Workers in Louisville http://wfpl.org/post/first-data-will-lay-344-workers-louisville <p>More than 300 Louisville call center workers will lose their jobs in the coming months.</p> Fri, 22 Jun 2012 19:03:26 +0000 Gabe Bullard 755 at http://wfpl.org Jobless Rate Drops in Most Counties but Rises Statewide http://wfpl.org/post/jobless-rate-drops-most-counties-rises-statewide <p>Jobless rates have improved in 107 Kentucky counties, but not Jefferson.&nbsp;<p><div>The Kentucky Office of Employment and Training <a href="http://workforce.ky.gov/May12charts.pdf">released the latest unemployment numbers today</a>. They show Jefferson County&#39;s jobless rate jumping from 8.1 percent in April to 8.6 percent in May. Most counties in the Louisville area saw similar increases. Thu, 21 Jun 2012 18:47:08 +0000 Gabe Bullard 740 at http://wfpl.org Louisville Puts Economic Data Online http://wfpl.org/post/louisville-puts-economic-data-online <p>Metro Government has launched a website that features charts of local economic data.</p><p>The <a href="http://ksdc.louisville.edu/joomla2/index.php/presentations/dashboard#">site features</a> information from the Kentucky State Data Center, and some of it is painful.&nbsp;For instance, looking through the site, you can see that population growth has slowed, wages have dropped and employment remained flat for most of the time after the recession (but it is on the upswing now).&nbsp;</p> Mon, 18 Jun 2012 18:13:33 +0000 Gabe Bullard 687 at http://wfpl.org Louisville Puts Economic Data Online Kentucky Unemployment Drops to Match National Rate at 8.2 Percent http://wfpl.org/post/kentucky-unemployment-drops-match-national-rate-82-percent <p>The Kentucky&#39;s jobless rate has fallen to 8.2 percent.</p><p>The latest figures from the Kentucky Office of Employment and Training show the unemployment dropping last month from 8.3 percent in April. This is the 10 consecutive month that a decrease was recorded.</p><p>It&#39;s also the first time since 2004 that Kentucky unemployment has been equal to or better than the national unemployment rate, which was also 8.2 percent for May.</p> Thu, 14 Jun 2012 19:29:14 +0000 Gabe Bullard 645 at http://wfpl.org McConnell: Obama Running Out of Economic Ideas http://wfpl.org/post/mcconnell-obama-running-out-economic-ideas <p>Senate Minority Leader Mitch McConnell, R-Ky., is pleading with President Obama to deliver new ideas on the sluggish economic recovery.</p><p>The president is scheduled to deliver a major economic address Thursday, which will be the first of the general election campaign and in the swing state of Ohio.</p><p>But observers expect Mr. Obama won&#39;t offer any new jobs proposals and instead continue to <a href="http://www.politico.com/politico44/2012/05/obamas-todo-list-122743.html">push lawmakers to pass his &quot;to-do&quot; lis</a>t.</p><p>McConnell says Democrats are getting anxious about economic stagnation and the nearing election.</p><p>&quot;We can expect more of the same: more government, more debt and higher taxes to pay for it all,&quot; he said on the Senate floor Wednesday. &quot;Now, according to the news reports, some Democrats are starting to get a little wary of this approach. A number of folks who worked in the Clinton Administration have suggested something more positive. But others are pleading with the president to double down on the message that government is the answer.&quot;</p><p> Wed, 13 Jun 2012 17:29:51 +0000 Phillip M. Bailey 635 at http://wfpl.org