On Thursday, Gov. Andy Beshear reported that Kentucky’s unemployment rate is at its lowest in state history, which he claimed was a "historic announcement."
According to a release from the Governor’s office, Beshear said the news follows a year after when the state “shattered every economic development record in the books," which included a record $11.2 billion in private-sector new location and expansion projects and the creation of 18,000+ full-time jobs.
“Kentucky’s economy is absolutely on fire, and today’s report shows that continued success is benefiting Kentuckians across the commonwealth,” Gov. Beshear said. “We’ve secured our spot as a leader by establishing Kentucky as the capital for electric vehicle battery production and agritech. But even more important, we’re building a Kentucky where our people can create a better life through great jobs, world-class education opportunities, quality health care and strong infrastructure. We’re not just talking about building a better Kentucky – we’re doing it.”
Under Gov. Beshear’s leadership, private investment has reached over $17 billion, and more than 33,000 jobs have been created.
Samantha Walden, Staff Writer at the Kentucky Daily