Highlights of this first release of “Kentucky Economic Update” include:
- Kentucky’s GDP bounced back during the 3rd quarter of 2020 but was still below pre-pandemic levels.
- While employment was still down 5.2% in December compared to a year ago, Kentucky has recovered 65% of jobs lost during initial months of the pandemic.
- As of December 2020, Kentucky’s unemployment rate stood at 6%, down from 16.6% in April 2020.
- Kentucky’s labor participation rate, which was 59.6% just before the pandemic dropped to 57.5% in December 2020.
Watts, Ashli and Clark, Michael W., "Kentucky's Economic Recovery" (2021). Kentucky Economic Update. 1.