Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which gained 2,400 roles, based on the most recently available information published in June 2021.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 4,685 jobs in April and the unemployment rate decreased compared to the prior month by 80 bps to 3.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Louisville/Jefferson County, KY-IN unemployment rate is 185 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 3.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 152,700; +400
- Education & Healthcare: 95,300; no change
- Business Services: 81,400; -400
- Manufacturing: 79,700; -2,400
- Government: 70,100; no change
- Restaurants & Hotels: 56,600; +2,400
- Financial Services: 47,300; -600
- Construction, Mining: 27,000; +400
- Other Jobs: 23,600; +100
- IT & Development: 8,300; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.