Unemployment at 5.7 percent in December 2014
LEXINGTON, Ky. (Feb. 4, 2015) — The Center for Business and Economic Research (CBER)—the applied economic research branch of the Gatton College of Business and Economics at the University of Kentucky—released its annual economic report on Tuesday.
Kentucky lost 169,000 jobs from December 2007 to February 2010—the unemployment rate was 10 percent or higher from April 2009 to December 2010—but the rate has since improved, to 5.7 percent in December 2014, said CBER Director Christopher Bollinger. He anticipates the rate will stay below 6 percent for 2015.
In addition to the economic forecast, there are more than 100 trends, forces and factors affecting Kentucky’s economy presented in the report, including data and information about Kentucky’s educational progress relative to the U.S. and neighboring states, health disparities across Kentucky, how the income distribution has changed over the last three decades in Kentucky compared to the U.S., the level of entrepreneurial activity in Kentucky compared to other states, and detailed information about factors affecting state taxes and revenue—which affects the provision of public services from health care to public safety to education.