Overall unemployment rate moved down to 2.7% with the biggest shift in Manufacturing, which gained 6,900 roles, based on the most recently available information published in June 2022.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 6,539 jobs in April and the unemployment rate decreased compared to the prior month by 160 bps to 2.7%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Louisville/Jefferson County, KY-IN unemployment rate is 64 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 8.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 155,300; -1,000
- Education & Healthcare: 100,300; -200
- Business Services: 93,200; +1,500
- Manufacturing: 81,600; +6,900
- Government: 72,000; +100
- Restaurants & Hotels: 64,600; +1,400
- Financial Services: 48,300; no change
- Construction, Mining: 28,000; -100
- Other Jobs: 23,100; no change
- IT & Development: 8,500; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.