KY State Seal
Commonwealth of Kentucky
Cabinet for Economic Development
Steve Beshear
Governor
Old Capitol Annex
300 West Broadway
Frankfort, KY 40601
Larry Hayes
Secretary


October 24th 2012
For Immediate Release
 
Mandy Lambert
502-564-4886

Kerri Richardson
502-564-2611

Gov. Beshear: Kentucky Ranks Second-Highest in Job Growth in U.S.
Kentucky job growth more than double the state average of 12 regional competitors

FRANKFORT, Ky. (Oct. 24, 2012) – Governor Steve Beshear today announced Kentucky ranked second in the nation for job growth over the past year, according to the U. S. Bureau of Labor Statistics, Division of Current Employment Statistics.

The Regional and State Employment and Unemployment Summary, released Friday, finds that Kentucky’s net job growth from September 2011 to September 2012 was 2.6 percent, second best in the nation behind only North Dakota’s 5.6 percent growth.

“This ranking is an extraordinary accomplishment for our state and our outstanding workforce. My administration has been working tirelessly over the past five years to create and grow jobs in the Commonwealth, and this announcement shows we are outrunning our competitors,” said Gov. Beshear. “We are making progress, but we still have work to do. We will never stop pushing for more jobs and a stronger economy for the Commonwealth.”

Kentucky’s jobs growth was more than double the Kentucky competitor state average of 1.1 percent. Kentucky’s competitor states, listed in order of ranking, include Indiana, Ohio, South Carolina, Georgia, Virginia, Illinois, North Carolina, Tennessee, Alabama, Missouri, Mississippi and West Virginia. Click for full table.

From Sept. 2011 to Sept. 2012, 47,000 jobs were created in Kentucky. Some of the new jobs created over the past year stem from growth at companies such as General Electric, Ford and CaféPress in Louisville; DHL and ZF Steering in Northern Kentucky; Tempur-Pedic in Lexington; New York Blower in Leitchfield; Bruss North America in Russell Springs; Magna Seating in Shepherdsville; Wild Turkey in Lawrenceburg; and Akebono Brake in Glasgow.

“The numbers show the Commonwealth is heading in the right direction, and the Cabinet for Economic Development will do everything in our power to keep growing jobs here,” said Cabinet for Economic Development Secretary Larry Hayes. “Keep in mind that North Dakota’s employment is booming because of the recent discovery of new oil and gas fields. In Kentucky, our job growth is across multiple sectors, in small businesses and large businesses. That gives a lot of folks opportunities in Kentucky, and these numbers show our state is a perfect location to do business.”

The United States Bureau of Labor Statistics report can be found in full at http://www.bls.gov/news.release/pdf/laus.pdf.

Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.

The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2010 totaled more than $2 billion with the creation of nearly 11,900 new jobs. Information on available development sites, workforce training,incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.

 

 

Kentucky Cabinet for Economic Development   Old Capitol Annex  300 West Broadway   Frankfort, KY 40601
502-564-7140 (local)   800-626-2930 (toll free)