August 24, 2015
Kentucky is celebrating its drop in unemployment rate, which at 5.2 percent as of July is hovering at a level not seen since 2004.
But since the unemployment rate doesn’t count as unemployed those who aren’t currently seeking work, it overstates how good things are. This problem can be seen by looking at Kentucky’s coal counties, which have had among the state’s biggest declines in unemployment rates the last two years, even while facing a major economic crisis in the loss of coal jobs.
As seen in the table below, read more