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Kentucky reports lowest unemployment rate in state history, signaling economy 'absolutely on fire'

According to the Kentucky Center for Statistics, Kentucky's seasonally adjusted preliminary April 2022 unemployment rate was 3.9%.

FRANKFORT, Ky. — Kentucky history has been made. 

Governor Andy Beshear said on Thursday that the Bluegrass has reported its lowest unemployment rate in state history.

According to the Kentucky Center for Statistics, an agency within Kentucky's Education and Workforce Development Cabinet, "Kentucky's seasonally adjusted preliminary April 2022 unemployment rate was 3.9%."

That's the lowest unemployment rate Kentucky has ever had 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 all across the commonwealth," Beshear said. "We've secured our spot as a leader by establishing Kentucky as the capital for electric vehicle battery production and agritech."

The news comes after a year where Kentucky broke several economic growth state records, including nearly $11.2 billion in new location and expansion projects.

According to a press release from the Governor's Office, since Beshear took office, more than 33,000 jobs have been created and private-sector investments have totaled more than $17 billion.

"We're not just talking about building a better Kentucky--we're doing it," Beshear said.

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