The U.S. seasonally adjusted jobless rate increased from 9.1 percent in May 2011 to 9.2 percent in June 2011, according to the U.S. Department of Labor.
Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working.
Five of the 11 major nonfarm North American Industry Classification System (NAICS) job sectors reported an employment increase in June 2011, while five decreased and one stayed the same, according to OET. An increase of 1,600 jobs in June 2011 brought Kentucky’s nonfarm employment to a seasonally adjusted total of 1,791,000. Kentucky’s nonfarm employment has grown by 18,200 workers since June 2010.
According to the seasonally adjusted employment data, Kentucky’s manufacturing sector rebounded in June 2011, adding 1,200 jobs since May 2011. Since June 2010, employment in the manufacturing sector has climbed by 4,000 positions.
“Job gains over the past month are attributed to the durable-goods subsector, which reflects a ramp-up in production due to the restoration of supply chains and expansion at an automobile parts manufacturer,” Detzel said.
The year-over-year job expansion in manufacturing also occurred mainly in the durable good subsector.
“As the economy recovers and consumers regain confidence, the manufacturing sector is boosting production as businesses restock inventories to meet the resurgence in demand for products,” Detzel said.
Learn more about the Office of Employment and Training at www.workforce.ky.gov.
Pending sales in Jessamine on rise
Residential real-estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Jessamine County economy as of June 30 with 230 reported sales totaling $39,672,538. Sales continue to be a driving force in the Jessamine County economy when considering the multiplier effect on the area of buyers and sellers who purchase appliances, carpet, flooring, landscaping, etc. in response to their transaction needs.
Pending sales increased for the second consecutive month in June, rising 38 percent from 34 pending sales reported in June 2010 to 47 pending sales reported in June 2011.
Single-family residential sales in Jessamine County decreased 14 percent during the year-to-date 2011, falling from 269 reported sales to 230 reported sales. During June 2011, sales decreased 13 percent over June 2010, falling from 54 sales reported closed to 47 sales reported closed.
As the region’s leading advocate for home ownership, Lexington-Bluegrass Association of Realtors understands the value and joy of owning a home. LBAR represents more than 2,000 Realtors located in Anderson, Bourbon, Clark, Fayette, Franklin, Jessamine, Montgomery, Nicholas, Powell, Scott and Woodford counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real-estate listings.
Howell helping market medical-records cards
A Jessamine County man is helping a company develop a health-records card that could be scanned by emergency personnel to quickly obtain important medical information.
Jim Howell is vice president of sales and marketing for LifeSaver App LLC, a managed-health-records company based in Arizona and Kentucky. The company assembles, organizes and archives medical records through personalized Emergency Medical Information (EMID) cards and stores critical medical information on a secure website, according to a news release.
The technology is being made available for about 21 cents a day, according to the release.
For more information, visit www.lifesaverapp.com.