Pegasus Institute

Search

pegasusinstitute

Apr 21, 2024
2 min

Kentucky Could Be Out of Money to Pay Unemployment Benefits in Less Than a Month

After an unprecedented four weeks, three of which have set all time records for the number of Kentuckians filing for unemployment, the state’s unemployment insurance trust is projected to be approximately a month away from running out of money. National comparisons show Kentucky’s overall Unemployment Insurance Trust Fund solvency ranking 45th in the United States, only having enough money for about 4 more weeks of payments. Research by Pegasus Institute echoes those projecti

869 views0 comments

pegasusinstitute

Apr 20, 2024
2 min

Kentucky's Per Capita Unemployment Claims More than 20% Higher Than Next Closest Neighboring Sta

A Pegasus Institute study found that Kentucky has experienced more new unemployment claims per 100,000 residents over the last four weeks than any neighboring state by a wide margin. Data from the past four weeks of unemployment claims for every state in the region show that Kentucky is not just highest per capita, but more than 20% higher than the next closest state, Ohio. Since the week ending on March 21st, the first week of unemployment data after the economic shutdown re

102 views0 comments

pegasusinstitute

Apr 13, 2024
2 min

Kentucky's Largest Cities Projected to be Among Worst Impacted in the United States by Economic

Kentucky's largest cities of Louisville, Lexington, and Bowling Green are particularly vulnerable to effects brought on by the economic pause related to the coronavirus pandemic. A recent study by The Brookings Institute found that all three were in the top 15 in the United States of cities that will immediately feel the fiscal impacts. The study considered two critical factors, the share of general fund revenues from elastic sources and share of metro employment in high risk

362 views0 comments

Jun 5, 2024
2 min

Unemployment Insurance Used Longer Than National Average in 9 of 10 Kentucky Regions

New Report: Since the deepest points of the Great Recession, the number of people in the labor market who are unemployed has dropped by 64 percent, a remarkable testament to the strength of our recovery. The decrease, even with the considerable increase in the labor market as a whole, has caused a precipitous drop in the unemployment rate, which is matching its lowest marks ever recorded. Our unemployment insurance structure remains a problem however, and one that is having a

49 views0 comments

Jun 3, 2024
2 min

Kentucky Payroll Growth Among Highest in Southeast & Neighboring States in April

For Kentucky, virtually every indicator of economic growth is moving in a positive direction right now. The states labor force is among the largest in history, there are more people employed than ever before, and individuals seeking unemployment has decreased by more than 60 percent since the heights of the Great Recession. Recent payroll data shows a continued positive trend with Kentucky on the right side of the bell curve in raw number of individuals added to payrolls and

158 views0 comments

May 10, 2024
3 min

Kentucky has 15,000 More Open Jobs Than People Searching for Work

The U.S. economy is in the midst of one the longest growth periods in the post-War era creating a unique circumstance in the labor market. The United States, for the first time since the data has been tracked, has more job openings than individuals looking for work. In fact, despite dipping in the last few months of 2018, according to the Labor Department, there were approximately one million more job openings in the United States than individuals looking in March. The Bureau

1,792 views0 comments

Oct 15, 2023
2 min

Mercatus Fiscal Rankings and Kentucky

The Mercatus Center released its full report on the fiscal condition of the states. Using data from states’ 2016 Comprehensive Annual Financial Reports, Mercatus was able to compare their ability to “meet its short-term and long-term obligations without incurring excessive debt, engaging in budget gimmicks, or using other evasive tactics.” The study measures five areas: cash solvency, budget solvency, long-run solvency, service-level solvency, and trust fund solvency. Taking

122 views0 comments

Jul 23, 2024
3 min

Trade Wars are Bad Policy and Bad for Kentucky Bourbon

This week, representatives from the whisky industry around the world will meet in one place - Louisville. This meeting should be exciting and alarming for the people of Kentucky. On one hand it further drives home the idea that Kentucky is the whisky capital of the world - 95 percent of the world's bourbon is produced in Kentucky and the industry is only growing. The meeting, unfortunately, is also a cause for concern. In recent weeks, retaliatory tariffs placed on American s

132 views0 comments