Business briefcase: Sept. 20, 2013

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By The Staff

Kentucky’s unemployment goes down a tick in August

Kentucky’s seasonally adjusted preliminary unemployment rate inched down to 8.4 percent in August from 8.5 percent in July, according to the Office of Employment and Training.

The preliminary August 2013 jobless rate was 0.1 percentage points above the 8.3 percent rate recorded for the state in August 2012, according to a state news release.

The U.S. seasonally adjusted jobless rate dropped to 7.3 percent in August 2013 from 7.4 percent in July 2013, according to the U.S. Department of Labor.
Labor force statistics, including the unemployment rate, are based on estimates from the Current Population Survey of households. It is designed to measure trends rather than to count the actual number of people working. It includes jobs in agriculture and those classified as self-employed.
In August, Kentucky’s civilian labor force was 2,077,963 – a drop of 10,743 individuals compared to the previous month. Employment was down by 7,192, and the number of those unemployed decreased by 3,551.

“The labor market is still struggling,” economist Manoj Shanker of the OET said in the news release. “It has softened during the last four months, as overall employment peaked and then dipped slightly.”

In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky’s seasonally adjusted nonfarm employment was up by 3,300 jobs in August from the month before, and increased by 21,300 positions since August 2012.
Nonfarm data is provided by the Bureau of Labor Statistics’ Current Employment Statistics program. According to this survey, five of Kentucky’s 11 major nonfarm North American Industry Classification System job sectors registered gains in employment, while six declined from the previous month.
Total nonfarm employment was up by 0.2 percent from a month ago. Net private sector growth was slightly higher with a gain of 0.3 percent from the addition of 3,800 jobs in August 2013.

Renfrow joins Mortenson

Amanda Renfrow is a new dental hygienist for Mortenson Family Dental’s office on Mount Eden Road in Shelbyville.

Renfrow has worked in dentistry in Shelby County for 17 years and in 2001 received a degree in dental hygiene from the University of Louisville.

She resides in Shelbyville with her husband, Joey, and their daughter, Wendy, and son, Andrew.


Southern States celebrates

Southern States Cooperative, which recently reduced its presence in Shelbyville, on Saturday will celebrate 90 years of service to agriculture in the southeast.

Established in 1923 as the Virginia Seed Service, the organization started with 150 original farmer-members who met in Richmond, Virginia to develop a reliable supply of clover and grain seeds better suited to the soils found in Virginia. The service changed its name to Southern States Cooperative 10 years later and grew into to a multi-state agriculture supply cooperative with well over 200 thousand members in 11 core states.

The company in July closed its retail store in Shelbyville but retained its agronomy services, one of 300 locations for those services.


McDonalds to offers wings special

McDonalds has offer through November a new Mighty Wings menu item at its stores in Shelbyville. Mighty Wings are bone-in, crispy chicken wings that have a spicy kick.

“Chicken wings are one of the most commonly ordered items at sit-down restaurants while watching sports,” said Rick Peter, McDonald’s owner/operator in Shelby County. “By adding Mighty Wings to our menu this fall, we want to bring the popularity and fun of chicken wings to customers looking for any reason to order them – be it during game day or on-the-go.”

Peters owns the two stories in Shelbyville – with the eastern outlet on U.S. 60 closed for remodeling – and the one in Waddy.


Bulletin board

Shelby Development Corporation will have its monthly board meeting at 8 a.m. next Friday at Cardwell House in Shelbyville.


Bits & Bytes

  • Jim Beam plans to help establish a $20-25 million distribution center on Leestown Road that could employ about 70 full-time and 40 seasonal employees. The 600,000-square-foot center, which a separate company would own and operate, is slated for completion in early 2015. It would be among the largest structures in Franklin County and could expand to 1 million square feet.
  • Christa Ritchie has been named Communication Manager in the Marketing Communications Department of the Louisville Convention & Visitors Bureau.
  • Average retail gasoline prices in Louisville have fallen 12.4 cents per gallon in the past week, averaging $3.43 per gallon as of Sunday, according to GasBuddy's daily survey of 644 gas outlets in Louisville. This compares with the national average that has fallen 4.5 cents per gallon in the last week to $3.54. Including these changes prices were 34 cents per gallon lower than the same day one year ago and are 19.6 cents per gallon lower than a month ago. The national average has decreased 2.7 cents per gallon during the last month and stands 31.6 cents per gallon lower than this day one year ago.


Briefcase is compiled from press releases and other information submitted to The Sentinel-News. The Kentucky Press News Service contributed to this report. Information and photos may be E-mailed to sharonw@SentinelNews.com. The deadline is noon Wednesday.