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Franklin County continues to grow at a slower rate than its six adjacent counties. According to population estimates from the U.S. Census Bureau in 2008, the population of Franklin County increased 2.5 percent " from 47,687 to 48,844 between April of 2007 to April of 2008. The state average during that time period was 5.6 percent. Almost all the adjacent counties grew at a rate at or above the state average, including Scott and Shelby counties were among the fastest growing in the state " ranked second and fourth respectively. Other top-ranked communities include Spencer County, which grew from 5,616 in 2000 to 11,766 in 2008 - 47.7 percent. It was the fastest growing county in the commonwealth and is located near Jefferson County. Boone County was ranked third, with 34 percent, and Oldham County fifth with 23 percent. A number of rural counties in eastern Kentucky experienced a population loss, including Harlan County " 7.3 percent - and Clay County - 9 percent.
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