United States Congress Joint Economic Committee

Kentucky

September 2023

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August Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Kentucky Unemployment (U-3) 3.9% 3.9% 3.9%
U.S. Official Rate (U-3) 3.6% 3.7% 3.6%
U.S. "Real" Rate (U-6) 7.1% 6.7% 7.0%
Kentucky Labor Force Participation Rate 57.5% 57.5% 58.1%
U.S. Labor Force Participation Rate 62.8% 62.6% 62.3%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.0% 4.0% 9.1%
"Core" CPI Inflation 4.3% 4.7% 6.3%
National Gas/gal. Updated 9/24/23 12:00 AM $3.85 $3.84 $3.70
Kentucky Gas/gal. $3.47 $3.52 $3.25
South Region: Loaf of Bread $1.75 $1.77 $1.56
South Region: Milk/gal. $4.04 $4.07 $4.09
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q4/2022 (2nd Estimate)
2.7%
KY Real GDP
Q1/2023
3.0%
S&P 500 (YTD)
12.78% Updated 9/22/23 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
KY Hourly Rate
$7.25
Last Generated: 9/24/23 5:15 AM