Kentucky 2007 Economic Report
Steven L. Beshear
Kentucky Education Cabinet
Helen W. Mountjoy, Secretary
Beth Smith, Commissioner
Department for Workforce Investment
Russell L. Salsman, Executive Director
Office of Employment and Training
Justine Detzel, Ph.D.
Research and Statistics
275 East Main Street, 2-WG
Frankfort, Kentucky 40621
Phone (502) 564-7976
Fax (502) 564-2937
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Table of Contents
Mass Layoff Events
Per Capita Personal Income
Local Employment Dynamics
Personal Current Transfer Receipts
This economic report is completed in accordance with the Training and Employment
Guidance Letter (TEGL) No. 3-06. Included in this report is data on employment and
unemployment, income, wages, unemployment insurance, tax receipts, transfer payments,
educational attainment, population, mass layoff events, and local employment dynamics.
From 1997 to 2004, the annual unemployment rate in Kentucky roughly mirrored the
national annual unemployment rate. For most of this time period, Kentucky’s annual
unemployment rate exceeded the national annual unemployment rate.
Kentucky’s non-farm employment, which was already predominantly in service-
providing industries, has continued to shift towards jobs in the service-providing sectors.
Trade, Transportation, and Utilities constitu