Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which gained 3,500 roles, based on the most recently available information published in February 2022.
Total employment in the Louisville/Jefferson County, KY-IN market declined by 605 jobs in December and the unemployment rate decreased compared to the prior month by 10 bps to 2.9%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Louisville/Jefferson County, KY-IN unemployment rate is 79 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 5.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 167,600; +3,500
- Education & Healthcare: 100,600; +100
- Manufacturing: 81,400; +1,100
- Business Services: 80,500; -1,100
- Government: 71,300; -200
- Restaurants & Hotels: 62,000; +500
- Financial Services: 47,600; +100
- Construction, Mining: 28,300; -800
- Other Jobs: 23,200; -300
- IT & Development: 8,300; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.