Overall unemployment rate moved down to 2.8% with the biggest shift in Restaurants & Hotels, which gained 4,100 roles, based on the most recently available information published in June 2023.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 8,684 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 2.8%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Louisville/Jefferson County, KY-IN unemployment rate is 30 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in April versus prior month by 3.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 161,400; -800
- Education & Healthcare: 100,300; +800
- Business Services: 89,200; +800
- Manufacturing: 86,500; +1,100
- Government: 72,300; +200
- Restaurants & Hotels: 69,900; +4,100
- Financial Services: 45,600; no change
- Construction, Mining: 30,600; +300
- Other Jobs: 25,900; +100
- IT & Development: 9,000; +100
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.