Overall unemployment rate moved down to 3.4% with the biggest shift in Government, which gained 4,700 roles, based on the most recently available information published in September 2021.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 5,231 jobs in August and the unemployment rate decreased compared to the prior month by 110 bps to 3.4%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Louisville/Jefferson County, KY-IN unemployment rate is 189 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 156,800; +1,100
- Education & Healthcare: 98,500; +4,200
- Manufacturing: 81,200; +1,200
- Business Services: 81,100; +700
- Government: 70,200; +4,700
- Restaurants & Hotels: 63,600; -2,000
- Financial Services: 48,100; +400
- Construction, Mining: 28,400; +300
- Other Jobs: 23,700; +100
- IT & Development: 8,200; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.