Slight increase in unemployment rate in August; current jobless rate stands at 4.8%

Kentucky’s seasonally adjusted preliminary August 2024 unemployment rate was 4.8%, according to the Kentucky Center for Statistics (KYSTATS).

The preliminary August 2024 jobless rate was up 0.1 percentage points from July 2024 and up 0.6 percentage points from one year ago.

The U.S. seasonally adjusted jobless rate for August 2024 was 4.2%, which was down from the 4.3% recorded for July 2024, according to the U.S. Department of Labor.

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Labor force statistics, including the unemployment rate, are based upon estimates from the Current Population Survey of households. The survey is designed to measure trends in the number of people working and includes jobs in agriculture and individuals who are self-employed…

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