economy

Local News
2:47 pm
Thu June 21, 2012

Jobless Rate Drops in Most Counties but Rises Statewide

Jobless rates have improved in 107 Kentucky counties, but not Jefferson. 

The Kentucky Office of Employment and Training released the latest unemployment numbers today. They show Jefferson County'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.

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Local News
2:13 pm
Mon June 18, 2012

Louisville Puts Economic Data Online

Metro Government has launched a website that features charts of local economic data.

The site features information from the Kentucky State Data Center, and some of it is painful. 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). 

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Local News
3:29 pm
Thu June 14, 2012

Kentucky Unemployment Drops to Match National Rate at 8.2 Percent

The Kentucky's jobless rate has fallen to 8.2 percent.

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.

It'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.

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Politics
1:29 pm
Wed June 13, 2012

McConnell: Obama Running Out of Economic Ideas

Senate Minority Leader Mitch McConnell, R-Ky., is pleading with President Obama to deliver new ideas on the sluggish economic recovery.

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.

But observers expect Mr. Obama won't offer any new jobs proposals and instead continue to push lawmakers to pass his "to-do" list.

McConnell says Democrats are getting anxious about economic stagnation and the nearing election.

"We can expect more of the same: more government, more debt and higher taxes to pay for it all," he said on the Senate floor Wednesday. "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."

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Politics
6:42 pm
Fri June 8, 2012

McConnell Pounces Obama 'Doing Fine' Gaffe

Senate Republican Leader Mitch McConnell, R-Ky., released the following statement tearing into President Obama for claiming that the private sector is "doing fine" during a press conference to address economic concerns.

From McConnell's office:

“Whether the President wants to acknowledge it or not, we are now living in the Obama Economy, and no ‘post-it note’ proposal can reverse the damage done by his policies over the past three and a half years. It’s baffling that in the face of all evidence to the contrary, this President still believes that spending money we don’t have to inflate the government is the answer to America’s economic problems.

The economy would respond much more favorably to providing the tax certainty Americans deserve by extending all the tax rates and assuring employers they do not have to budget for the largest tax increase in American history next year. The Obama Economy is even slower now than when we extended the rates in 2010—raising taxes on job creators in this slow economy is simply not the elixir for his failed policies.”

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