Pike County has lost 2,323 jobs since end of 2011
LEXINGTON, Ky. (Sept. 1, 2016) — The coal industry lost 6.3 percent of jobs in the second quarter of 2016, or 3,436 total jobs, according to an analysis by Standard & Poor’s.
SEE ALSO: Kentucky coal jobs down 6.9% in second quarter of 2016
The analysis found that “coal mining jobs have declined 45.6 percent from a near-term market peak in late 2011 to the second quarter of 2016. In the same time period domestic coal production has fallen 43.2 percent compared to the year-ago period.”
Of the 25 counties that have suffered the most coal job losses since the end of 2011, eight are in Kentucky.
Pike County is second on the list, having lost 2,232 jobs, trailing only to Boone County, West Virginia, which lost 3,787 jobs.
Harlan County was fifth (1,371 lost jobs), Perry County sixth (1,370), Letcher County 11th (905), Knott County 15th (836), Martin County 18th (751), Leslie County 21st (665) and Union County 22nd (650).
The analysis found that “in Kentucky, which mines less coal than West Virginia, fewer jobs were lost but the loss of 11,508 jobs represents about 63.9 percent of the state’s coal employment since the sector peaked in late 2011.”