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Shelby’s December unemployment of 6.2 percent is 6th best in state
Shelby County’s unemployment rose ever so slightly to 6.2 percent in December and remained tied for the sixth-best rate in the state.
That performance was up from 6.1 percent in November but still well below the 7.2 percent Shelby recorded in December of 2011.
Overall rates fell in 97 Kentucky counties between December 2011 and December 2012, 21 county rates increased and two stayed the same, according to the Kentucky Education and Workforce Development Cabinet.
Woodford County recorded the lowest jobless rate at 5.4 percent. It was followed by Fayette and Union counties, (5.9 percent each); Franklin and Oldham counties (6.1 each): Madison and Shelby; Scott County, (6.3); Jessamine County (6.4); and Daviess and Warren counties (6.5 each).
Magoffin County recorded the state’s highest unemployment rate at 16.9.
Unemployment statistics are based on estimates and are compiled to measure trends rather than actually to count people working. Civilian labor force statistics include non-military workers and unemployed Kentuckians who are actively seeking work. They do not include unemployed Kentuckians who have not looked for employment within the past four weeks. The statistics in this news release are not seasonally adjusted to allow for comparisons between United States, state and county figures.
Shelby Energy power outage
An early morning power blink may have caused about 3,000 Shelby Energy Cooperative customers to oversleep Wednesday. Officials said a power supply switch on the line caused the problem, but it was quickly reset to restore power.
“It was just a quick glitch, and as soon as they realized that it didn’t work they switched it back over. It was only out for a couple of minutes,” said Candi Waford, a spokesperson for the cooperative.
Snow possible for today
Frigid temperatures that have engulfed Shelby County rose some on Wednesday and Thursday, but forecasters are calling for light snow showers today. Lows were expected to hover around the freezing mark. Little accumulation is expected.
Kentucky Kingdom may reopen in 2014
Approval of a new lease agreement Thursday by the Kentucky State Fair Board moves the reopening of Kentucky Kingdom to as early as spring 2014. The investors, Kentucky Kingdom LLLP, now must secure the final private loans – worth $25 million – before the park can open.
The investors have agreed to initially invest $45 million in the park, which has been closed since 2009.
The fair board and Kentucky Kingdom investors agreed to a 50-year lease after the state issued a request last year seeking proposals to reopen the park. Kentucky Kingdom LLLP was the only entity to submit a proposal. The lease includes a provision that will allow for the expansion of the water park at Kentucky Kingdom.
Conway sues mortgage company
Attorney General Jack Conway announced that his office filed a lawsuit Monday in Franklin Circuit Court against MERSCORP Holdings, Inc., and its wholly owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS) for violations of Kentucky law. The lawsuit is a result of Conway's investigation of mortgage foreclosure issues in Kentucky.
The lawsuit alleges that MERS violated Kentucky law by not recording mortgage assignments with county clerks when mortgages were sold or transferred from one bank to another. By law, mortgage assignments must be recorded in the appropriate county clerk's office and a $12 fee is collected by the clerks on behalf of the Commonwealth of Kentucky.
MERS was created in 1995 to enable the mortgage industry to avoid state recording fees, allow for the rapid sale and securitization of mortgages, and shorten the time it takes to pursue foreclosure actions. Its corporate shareholders include, among others, Bank of America, Wells Fargo, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. More than 70 million mortgages have been registered on the system.
Massie to cosponsor regulation bill
U.S. Rep. Thomas Massie (R-Lewis County) announced that he has signed on as an original co-sponsor of the REINS Act, which aims to curb unchecked and costly regulations.
“Overregulation stifles economic growth and hurts small businesses,” Massie said in a release. “It is vital that Congress act to overhaul our regulatory process.”
Massie’s release said that small businesses spend roughly $10,500 per employee because to federal regulations. The Regulations from the Executive in Need of Scrutiny Act requires Congress to approve any regulations that would cost more than $100 million, lead to a major increase in consumer prices, or adversely affect employment. Congress would be the final authority on major regulations proposed by the executive branch.
Rep. Todd Young (R-Ind.) introduced the REINS Act of 2013 with 121 cosponsors. This bill was first conceived by 4th district constituent Lloyd Rogers of Alexandria and introduced by former Rep. Geoff Davis in 2011.
Andriot to address Rotary
Shelbyville City Council member and businessman Bob Andriot will speak at the next meeting of the Shelbyville Rotary Club on Tuesday about plans for and progress with the Blue Gables apartment renovation and its effect on commerce in the downtown area of Shelbyville. Andriot is owner and operator of the Bell House restaurant and other property.
Rotary meets at noon at the Centenary United Methodist Church, located at the corner of Washington and 5th streets in Shelbyville. Meetings are open to the public, but there is a charge for the luncheon.
Heritage sets blood drive for former student
Heritage Elementary and The American Red Cross are hosting blood drive to “honor a Pint Size Hero, Blake” (a student at the school who is battling cancer) at 2-7 p.m. Feb. 7. If you are in good health, weigh at least 110 pounds, have a photo I.D. and are at least 17 years old, you could be a blood donor.
I-64 lane closures possible
Lane closures and delays are possible on Interstate 64 from the Welcome Center to a half-mile east of KY 55 because of the roadway-widening project. Lane closures are scheduled Sunday through Friday from 7 each evening until 5 the following morning and on Saturdays from 10 p.m. until 5 a.m. Sunday. The eastbound exit to KY 55 South (Exit 32A) is closed for several months because of ramp construction. Motorists can use Exit 32B to access both KY 55 North and South.
Shelbyville will pick up residents’ trees
If you live in Shelbyville and have an old live-cut Christmas tree you need to dispose, the city of Shelbyville’s Department of Public Works is willing to give you some help.
If you call the department this month, employees will come by and retrieve the tree and recycle it.
All lights and decorations should be removed, and the tree should be placed by the curb (not blocking the sidewalk or street). If you would like to participate, call 633-1094 between 7 a.m. and 3:30 p.m. and leave your address.
The Kentucky Press News Service contributed to this report.