Overall unemployment rate moved up to 3.3% with the biggest shift in Government, which lost 1,400 roles, based on the most recently available information published in December 2022.

Total employment in the Lexington-Fayette, KY market declined by 1,497 jobs in October and the unemployment rate increased compared to the prior month by 50 bps to 3.3%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Lexington-Fayette, KY unemployment rate is 10 bps below the national rate which is a positive sign.
  • Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) declined in October versus prior month by -3.6% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Lexington-Fayette, KY Unemployment October 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Government: 53,100; -1,400
  • Transportation & Utilities: 51,500; +400
  • Business Services: 39,800; +500
  • Education & Healthcare: 37,600; +400
  • Restaurants & Hotels: 32,600; +700
  • Manufacturing: 28,400; no change
  • Construction, Mining: 13,400; no change
  • Other Jobs: 11,600; +100
  • Financial Services: 11,000; -100
Lexington-Fayette, KY Unemployment by Industry October 2022

Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.