On the whole, unemployment stabilizing
The number of unemployed workers crept upward locally from January to February, but still remains signifiantly lower than a year ago. Floyd Countyâ€™s unemployment rose from 10.2 percent in January to 10.4 percent in February. Data provided by the state Office of Employment and Training shows that 1,566 people were searching for jobs in February, compared to 1,526 the month before. Compared to a year ago, however, the picture looks rosier. In February 2011, Floyd Countyâ€™s unemployment rate stood at 12 percent, as 1,803 people were looking for jobs. Around the region, the picture was much the same, except in Magoffin County, where the rate dropped from 16.8 percent to 16.5 percent from January to February, and Martin County, where the rate remained the same at 10.8 percent. Pike County shows the lowest rate in the region, at 8.9 percent, which is 0.1 percent higher than the month before. Johnson Countyâ€™s rate increased from 9.9 percent to 10.2 percent and Knott Countyâ€™s rose from 11.9 percent to 12.6 percent.