CBER in the News

8 February 2022 - Michael Childress and Lindsey Piercy (UKNow)

Outlining the ways in which the COVID-19 pandemic continues to affect Kentucky’s economy, the Center for Business and Economic Research (CBER) — the applied economic research branch of the Gatton College of Business and Economics at the University of Kentucky — released its 50th Kentucky Annual Economic Report today.

19 January 2022 - Steve Rogers (WTVQ)

LEXINGTON, Ky. (UK ublic Relations) — Embarking upon a new year, with a multitude of challenges, the economic recovery continues globally and regionally, which sets the stage for the University of Kentucky’s 33rd annual Economic Outlook Conference 8 a.m.-noon EST Tuesday, Feb. 8.

This year’s conference, to be held at the Central Bank Center, is in-person and requires pre-registration, with a $125 fee and a registration deadline of Feb. 1.

21 December 2021 - BBC News

Millions of Americans are leaving their jobs in what economists are calling "the great resignation". 2021 has seen a huge number of people in the US change their careers - last month four million quit their jobs. BBC's US correspondent Michelle Fleury went to meet people in Kentucky, where people are quitting at a higher rate than in many other states.

10 September 2021 - Temi Adeleye (WPSD)

Pandemic unemployment insurance benefits ended earlier this week, and some people are deciding to stay home, leaving businesses struggling with staff shortages.

There are several factors contributing to the issue.

Mike Clark, the Director of the University of Kentucky Center for Business and Economic Research, listed them out, and shared what he thinks it will take to improve the labor force and lower labor force participation rate.

19 August 2021 - Steve Rogers (WTVQ)

Kentucky’s seasonally adjusted preliminary July 2021 unemployment rate was 4.4%, according to the Kentucky Center for Statistics , an agency within the Education and Workforce Development Cabinet (EWDC).

The preliminary July 2021 jobless rate was unchanged from June 2021 and down 1.2 percentage points from the 5.6% recorded for the state one year ago.

The U.S. seasonally adjusted jobless rate for July 2021 was 5.4%, down from the 5.9% reported in June 2021, according to the U.S. Department of Labor.

5 August 2021 - Jacqueline Pitts (The Bottom Line News)

Lawmakers in Frankfort got an in-depth look at the status of Kentucky’s economic recovery, including the Commonwealth’s struggle to bring back workers and fill open positions. 

22 July 2021 - Dalton Godbey (WDRB)

The unemployment rate in Kentucky rose 1.6% in just 30 days last month.

The rate sat at 3.9% unemployed in May, and surged to 5.5% in the month of June.

"One of the things we're hearing from a lot of employers is that they have jobs and they're having a hard time finding people to fill those jobs," said Michael Clark, Director of the Center for Business and Economic Research for the University of Kentucky.

15 July 2021 - Steve Rogers (WTVQ)

Kentucky’s seasonally adjusted preliminary June 2021 unemployment rate was 4.4%, according to the Kentucky Center for Statistics, an agency within the Education and Workforce Development Cabinet.

The preliminary June 2021 jobless rate was down 0.1 percentage points from the revised 4.5% in May 2021 and down 1.3 percentage points from the 5.7% recorded for the state one year ago when restrictions to slow the spread of COVID-19 limited certain business operations.

1 July 2021 - Karah Wilson (McLean County News)

As of May 2021, McLean County’s unemployment rate is 3.6%, 5% less than in May 2020, according to the Kentucky Center for Statistics.

As of May, 141 residents were unemployed and 3,795 were employed. The unemployment rate in April 2021 was 3.5%.

On June 28, KET's Renee Shaw spoke with panelists including Mike Clark and Ken Troske about the state's labor shortage and how companies are facing hiring challenges as they seek to keep pace with the economic recovery. Watch now.