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Henderson County jobless rate hits 12-year low

Henderson County jobless rate hits 12-year low

Bill Stephens, Web Editor

April 29th, 2017

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​HENDERSON, Ky. — Henderson County’s annual unemployment rate fell to its lowest point in 12 years in 2016, according to figures released this week by the Kentucky Office of Employment and Training.

​The average jobless rate dipped to 4.7 percent last year, down from 4.9 percent in 2015. That was the lowest annual rate in Henderson County since 2004 and was down from the peak of 10.6 percent in 2009 during the Great Recession.

​“This is the latest evidence of an improving job market in the Henderson area,” according to Tony Iriti, president and CEO of Kyndle. “Many employers continue to hire, and one of our key focuses is to work with our schools in the region to ensure that they are producing graduates who are ready for the workplace.”

Kyndle — which is the lead regional economic development organization for Henderson, McLean, Union and Webster counties — worked on nine successful economic development projects in 2016 that will create 315 new jobs over the next five years and represent $58,861,000 in investments.

​In Union County, the annual unemployment rate last year was steady at 6.7 percent. That’s down from the peak of 11.4 percent in 2009.

​Webster County’s 2016 rate was up seven-tenths of a point to 5.9 percent, although that was improved from the peak of 9.6 percent in 2009.

​McLean County’s rate dropped slightly to 4.8 percent, down from the 2009 level of 10.5 percent and the lowest annual rate there in more than 25 years.

​Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working. Civilian labor force statistics include non-military workers and unemployed Kentuckians who are actively seeking work. They do not include unemployed Kentuckians who have not looked for employment within the past four weeks.

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