Louisville Kentucky Real Estate

Within the past year (October 2006 through October 2007), the unemployment rate has increased for 94 Counties in Kentucky.

Only 18 Counties in Kentucky saw the rate decrease - while 8 Counties made no change within the past 12 months.

The dubious highest unemployment rate honor goes to:

Jackson County @ 10.2%

The 2 lowest Counties were:

Fayette County and Warren County @ 3.7%

It is important to note that these numbers represent a trend for employment, rather than noting how many persons may actually be working. Persons that are not currently seeking employment over the course of the past month are not included in these figures.

Various reasons can be attributed to the increase - including a softening economy and real estate industry. It must be noted that Kentucky does not have anywhere the worst of it relative to many other parts of the United States. In some states, our worst figure would be considered fairly decent to them.

Hopefully things will improve soon.

There is talk of a possible interest rate reduction to be discussed at the meeting of the Fed in December 2007. If they cut the interest rate a little, that may help stimulate the economy to see some improvement. At the very least, it would help some families get through winter and the holidays a little easier. It will be interesting to see if they come through with the interest rate reduction.