Kentucky's unemployment rate fell to 10 percent in October from 10.1 percent in September. The slight decline was part of a spate of good news in the monthly report from state researchers that noted Kentucky's economy is showing "signs of improvement."
Employment numbers increased for the second month in a row, and October marked the sixth straight month of year-over-year job growth, providing "additional evidence of revitalization in the economy," said Justine Detzel, chief labor market analyst for the state Office of Employment and Training.
The October jobless rate is down from 10.7 percent in October 2009. Since February 2009, the rate has been below 10 percent just once — July 2010. The state's unemployment rate in October 2010 continued to outpace the national rate of 9.6 percent.
For the month, Kentucky added 7,300 jobs with seven of the 11 major industries tracked showing employment increases.
The most — 3,400 jobs — came in the leisure and hospitality sector, as "numerous restaurants" opened during the month, Detzel wrote.
"As the economy stabilizes, consumers are loosening their purse strings and opening their wallets to splurge more on restaurant meals and leisure activities," she said in the report.
The professional and business services sector grew by 2,900 jobs, while other services, which includes repair businesses and religious and civic groups, saw a jump of 2,200 positions.
The state does not identify employers in releasing the monthly statistics.
The other sectors seeing gains were manufacturing (900), educational and health services (800), financial activities (200), construction (100).
The largest job losses in the month came in the trade, transportation and utilities sector, which shed 2,900 positions.
Those losses came predominantly at retailers that either closed or cut back on their workforce, Detzel said.
Other sectors losing jobs were government (200) and mining and logging (100).
The information sector maintained steady employment from September to October.