Wednesday, November 24, 2010

Owensboro Unemployment at Lowest Level in Two Years

The Owensboro MSA monthly unemployment rate in September dropped to 8.6 percent, the lowest level since December 2008.  At its peak during the recession, regional unemployment hit 11 percent, but remained lower than the state and national levels throughout most of the recession.  

"We are starting to see the effects of much of the positive economic activity from earlier in the year," said EDC President/CEO Nick Brake.  "We are in the midst of a building boom with multiple private and public projects that are putting people to work in construction.  Much of this construction will translate to jobs in the coming year in the financial industry and health care."

According to data released by the Bureau of Labor Statistics, the national unemployment rate for September was 9.1 percent.  The rate for Kentucky was 9.8 percent.

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