Unemployment in Magoffin County

FACTANKER — In Magoffin County, Kentucky, the U.S. Bureau of Labor Statistics puts the unemployment rate at 8.4% in July 2026, and at 8.8% as the annual average for 2025. The labor force was 3,947 people in 2025. These are model-based estimates for the county, not seasonally adjusted, and they are benchmarked so the counties of a state sum to the state total.

The range this county actually moves in. Across 36 years on record, the annual unemployment rate peaked at 20.7% in 2010 and bottomed at 8.0% in 2023 — a spread of 12.7 percentage points. A single current figure says little without that range.

Where this stands. In 2025 the annual rate here was 8.8%, against a median of 4.0% across the 3,221 counties with a figure for that year, and 4.9% across the 120 counties in Kentucky. The middle eight tenths of counties lay between 2.9% and 5.8% — this county was above that band.

Season, not trend. Over the last twelve months the rate ranged from 6.7% (November 2025) to 9.7% (February 2026), a swing of 3.0 points. BLS does not seasonally adjust county figures, so a month-to-month move of this size is usually the calendar rather than the economy. Compare annual averages instead.

The denominator moved too. The labor force went from 4,298 people in 1990 to 3,947 in 2025 (-8.2%). A falling unemployment rate in a shrinking labor force does not mean the same thing as one in a growing labor force — people who stop looking for work leave the count entirely.

Source: Local Area Unemployment Statistics (LAUS) of the U.S. Bureau of Labor Statistics. County figures are model-based estimates, not a county census: BLS builds them from the Current Population Survey, the state unemployment insurance system and payroll data, then benchmarks them so the counties of a state sum to the state total. A county value is therefore constrained by its state, which matters when a single county diverges from it.

The unemployment rate is unemployed people as a share of the labor force — employed plus unemployed. Someone who has stopped looking for work is in neither group and does not raise the rate. That is why the labor force figure belongs beside the rate and is shown here.

Not seasonally adjusted. BLS publishes seasonally adjusted series for states and large metropolitan areas, not for all counties. Every monthly figure on this page is raw. Two months of the same year are not comparable in most counties; two annual averages are.

Annual figures on this page are the published annual averages (BLS period M13), not an average we computed from the months. Where a year has no annual average on record, no row appears — we do not substitute our own.

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