Kentucky has twice as many open jobs as unemployed employees – The Lane Report

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For all unemployed employees in Kentucky, there are roughly two open jobs, based on new knowledge from the Bureau of Labor Statistics.
Information from the state Job Openings and Labor Turnover Survey confirmed Kentucky with 167,000 open jobs in August 2021. On this similar month, different BLS knowledge listed 85,000 Kentuckians as unemployed.
Kentucky’s job openings fee – the variety of out there jobs as a proportion of employment and open jobs – was 8.2 % in August, the second-highest job openings fee within the nation. Nationwide, there have been 10.4 million job openings in August and eight.3 million people unemployed (people and not using a job however actively on the lookout for one).
Supply: Bureau of Labor Statistics
This new knowledge suggests Kentucky has one of many tightest labor markets within the nation and underscores the problem employers are dealing with with regards to discovering employees.
The Kentucky Chamber Basis not too long ago highlighted the severity of Kentucky’s workforce challenges in a brand new report, “20 Years within the Making: Kentucky’s Workforce Disaster.” This report demonstrates that Kentucky’s workforce challenges have been constructing for at the very least 20 years and have a number of root causes, together with well being points, baby care, post-secondary attainment charges, legal data, and extra.
“The excessive ranges of job openings in Kentucky in comparison with the variety of unemployed Kentuckians illustrates how severe the Commonwealth’s workforce challenges actually are,” mentioned the Chamber’s Senior Coverage Analyst Charles Aull. “We’ve all seen the hiring indicators, however now we have now new knowledge with which to quantify it. Extra must be completed to extend employee availability in Kentucky.”
The Job Openings and Labor Turnover Survey, JOLTS, is produced by the Bureau of Labor Statistics and has supplied knowledge on job openings, quits, and hires on the nationwide stage for years. Right now marked BLS’ first launch of official state JOLTS knowledge.
BLS had beforehand and quickly produce experimental JOLTS knowledge for states. This new knowledge will present an extra layer of vital context for understanding labor market tendencies on the state stage.
Different takeaways from state JOLTS knowledge for Kentucky embrace:
Click on right here for extra Kentucky enterprise information.

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