Overall unemployment rate moved down to 3.7% with the biggest shift in Restaurants & Hotels, which gained 5,300 roles, based on the most recently available information published in June 2021.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 3,981 jobs in May and the unemployment rate decreased compared to the prior month by 20 bps to 3.7%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Louisville/Jefferson County, KY-IN unemployment rate is 180 bps below the national rate which is a positive sign.
- Unemployment in the market is 820 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.7% . Key sectors include:
- Transportation & Utilities: 153,900; +1,100
- Education & Healthcare: 96,800; +1,600
- Manufacturing: 82,500; +3,000
- Business Services: 82,100; +400
- Government: 69,900; -200
- Restaurants & Hotels: 62,600; +5,300
- Financial Services: 47,500; +400
- Construction, Mining: 26,700; -300
- Other Jobs: 23,500; -100
- IT & Development: 8,200; -100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.