WalletHub ranks Kentucky at bottom for jobs, state economies

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LEXINGTON, Ky. (WKYT) – A brand new examine from WalletHub ranks Kentucky dead last for jobs and 46th when it comes to state economies.

These outcomes come as Governor Beshear has touted Kentucky’s profitable financial rebound from the pandemic.

“Our economic system is ready for carry off, and each day we’re seeing increasingly more optimistic indicators,” Gov. Beshear mentioned final week.

Beshear mentioned Kentucky’s post-pandemic economic system is recovering at a few of the greatest charges within the nation, however the examine from WalletHub depicts in any other case.

“It used 35 completely different indicators of job market energy, alternatives, and a wholesome economic system. That ranges from the whole lot from employment development, annual earnings ranges…simply actually the general financial setting,” mentioned Jill Gonzalez with WalletHub.

The examine, launched Wednesday, analyzed the final seven years of economics. It additionally checked out unemployment charges, which at one level within the pandemic, Kentucky led the nation with 33% of the labor power submitting claims.

In the meantime, only a couple weeks in the past, Gov. Beshear introduced a number of developments totaling 505 jobs and $273 million in investments.

“Fitch has been speaking about how our economic system is rebounding sooner than most different states, and Moody’s has mentioned we’re recovering with gusto,” Gov. Beshear mentioned.

But when Kentucky is seeing a lot development, why such a low rating?

“I feel if his briefings are taking a look at one piece of the puzzle, they might completely be correct. However we’re actually taking a look at a whole image. So I feel we’re taking just a little bit extra into consideration, and naturally we’re not simply taking a look at Kentucky. We’re evaluating it to each different state,” Gonzalez mentioned.

Neighboring West Virginia ranked forty ninth on the checklist, whereas Ohio was thirtieth and Tennessee was within the top-15.

It’s a comparability displaying Kentucky could also be at greatest recovering from short-term COVID-19 setbacks, however has room to develop to make up for years previous.

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