A state of recovery? Kentucky edition.
As Vice President Joe Biden visited Kentucky today to deliver remarks on how the “stimulus” bill created jobs, we thought we’d share some facts about the state.
Kentucky’s share of the $862 billion American Recovery and Reinvestment Act: $3 billion
The state’s unemployment rate rose from 9.6% when the stimulus bill was enacted to 10.4% currently.
The number of employed people in the “Bluegrass State” fell from 1.786 million when the stimulus bill was enacted to 1.779 million currently. This translates to 6,800 jobs lost.
Kentucky’s estimated budget shortfall for FY2010 is $1.2 billion. For FY2011, its estimated budget shortfall is $780 million.