Simpson County’s unemployment rate increased 0.007 of 1% from December 2019 to January 2020. The January 2020 unemployment rate was 0.009 of a 1 higher than the January 2019 rate.
Kentucky Labor Force Estimates place Simpson County’s January preliminary unemployment rate at 4.8%. December’s revised unemployment rate was 4.1%. The January 2019 unemployment rate was 3.9%.
During the month of January, Simpson County had a civilian labor force of 8,984 people of which 8,550 were employed and 434 were unemployed.
Simpson County’s January unemployment rate was one tenth of a% higher than the Barren River Area Development District’s 4.7%; the same as the state’s 4.8% and higher than the nation’s four%.
All 10 counties in the Barren River Area Development District had increases in unemployment rates from December to January.
Warren County had the district’s lowest unemployment rate in January at 4.3% while Hart County had the highest at 6.8%.
Allen County and Logan County each had an unemployment rate of 4.5%.
Unemployment rates rose in 94 Kentucky counties between January 2019 and January 2020, fell in 21 counties and stayed the same in five counties.
Oldham County recorded the lowest jobless rate in the state in January at 3.3%. Magoffin County recorded the state’s highest unemployment rate at 14.8%.
Unemployment statistics are based on estimates and are compiled to measure trends rather than to count the number of people who are working. Civilian labor force statistics include persons who are actively seeking employment, not those who have not looked for work during the past four weeks.