Overall unemployment rate moved down to 3.0% with the biggest shift in Government, which gained 1,500 roles, based on the most recently available information published in September 2022.

Total employment in the Lexington-Fayette, KY market declined by 404 jobs in August and the unemployment rate decreased compared to the prior month by 30 bps to 3.0%. The national unemployment rate stayed flat over the same time period at 3.8%.

  • Lexington-Fayette, KY unemployment rate is 79 bps below the national rate which is a positive sign.
  • Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) declined in August versus prior month by -2.4% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Lexington-Fayette, KY Unemployment August 2022

For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:

  • Government: 52,500; +1,500
  • Transportation & Utilities: 52,000; +700
  • Business Services: 39,600; no change
  • Education & Healthcare: 36,700; +100
  • Restaurants & Hotels: 33,800; +100
  • Manufacturing: 28,200; -200
  • Construction, Mining: 13,500; +100
  • Other Jobs: 11,600; +200
  • Financial Services: 11,000; +100
  • IT & Development: 2,900; no change
Lexington-Fayette, KY Unemployment by Industry August 2022

Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.