Thu December 26, 2013
Kentucky's economy recovering, but slowly
A new report on state economic conditions says that Kentucky is still on the road to recovery from the recession.
Kentucky Chamber of Commerce president Dave Adkisson said a new report released by the chamber examining data in jobs, wages and housing market growth shows the state has been slowly climbing out of the 2008 recession.
"Clearly, things are growing in that direction," said Adkisson. "Housing and housing construction is growing very well right now, not nearly back up to the peak. But remember the peak before the recession was actually a bubble, a housing bubble, and so, we’re getting back up to healthy levels, and I’m optimistic about 2014.”
The report also said that wage and salary growth were strongest over the last 5 years in Kentucky communities that house federal military bases.
Northern Kentucky economy