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Kentucky, known as "The Bluegrass State",
has a population of over 4.3 million people and an unemployment rate of 8.6
percent. Though unemployment in the state still lags slightly behind the
national average, the jobs market has rebounded substantially since its low in
2010. The state’s average annual income ranks 43rd in the country, but the
relatively low cost of living helps to offset depressed wages.
With its fertile soil and superior farming conditions, agriculture has always been
among the leading industries in Kentucky. Tobacco is the leading farm product,
while the cultivation of hay, soybeans and dairy goods also play critical roles in
the state economy.
Kentucky has also become an significant industrial power in recent decades. Coal
production in the state produces about 4 percent of the electricity in the United
States, and auto manufacturing continues to play a critical role. Ford, Chevrolet
and Toyota all operate production facilities in the state.
The unemployment rate in Kentucky has decreased by 4 percent since 2010, and the
trend continues. As the state economy continues its pattern of growth,
opportunities for those seeking work will continue to grow as well.
Additional information can be found
regarding Kentucky's economy and key employers by visiting Wikipedia: Kentucky Economy.
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