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Gov. Andy Beshear announces lowest unemployment rate in KY history

Weekday broadcast of WYMT Mountain News at 6
Published: May. 19, 2022 at 10:13 AM EDT
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FRANKFORT, Ky. (WYMT) - On Thursday, Governor Andy Beshear held a news conference to make what he called a “historic announcement”.

Beshear opened by saying Kentucky’s unemployment rate was officially at its lowest in the Commonwealth’s history.

According to the Governor, the state’s 3.9% unemployment rate comes after one year of major success for the state in terms of the economy. Kentucky Center for Statistics website states that these numbers do not include people who have not sought a job in the last four weeks.

“Kentucky’s economy is absolutely on fire, and today’s report shows that continued success is benefiting Kentuckians across the commonwealth,” Gov. 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.”

He also announced a slew of more than 250 new high-paying jobs coming to Clark County in the near future. Which included a record $11.2 billion in private-sector new location and expansion projects and the creation of 18,000-plus full-time jobs. Under Gov. Beshear’s leadership, more than 33,000 new jobs have been created and private-sector investment has reached more than $17 billion.

You can watch the news conference below.

Beshear also held his weekly Team Kentucky update Thursday afternoon.

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