OWENSBORO, Ky. (WFIE) - First time unemployment claims rose for a second week in a row - another sign that America’s economic recovery is struggling thanks to the surge of COVID-19 cases.
Over the last week, 1.4 million people filed for initial jobless claims across the U.S.
Nevertheless, one city in the Tri-State appears to be an exception.
City officials claim that Owensboro is the only metropolitan area in the country to have lowered its year-over-year unemployment rate from June 2019 to June 2020.
City Manager Nate Pagan states that multiple factors were involved in the decline, but the composition of the local workforce and local employers are very diversified across many industries.
Generally, Pagan says several industries have held up better throughout the COVID-19 pandemic. Even though this is attributed specifically to Owensboro, he says it could help neighboring cities across the Tri-State.
“It’s primarily tied to the rates specifically to Owensboro, but to the extent that many of the people who work in the Owensboro community from neighboring communities, even though they may work in Owensboro - they may live in Indiana, or in Henderson County, or in Ohio County,” Hagan said.
Hagan says the unemployment rate back in April was around 14%. However, the unemployment rate has now decreased significantly to 4%.