The Eastern Kentucky Economy
The Fourth Federal Reserve District includes the eastern half of Kentucky, which, because of its coal supplies, has closer economic ties to the industrial economies of Pittsburgh and Cleveland than to the more agricultural western counties. As in the other Fourth District states, unemployment in Kentucky peaked during the early 1980s, when the manufacturing sector went through an extended restructuring. The jobless rate fell below the national average in 1992, and has generally stayed there.
Suggested citation: “The Eastern Kentucky Economy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-03, pp. 13-14, 03.01.1997.