Overall unemployment rate moved down to 3.5% with the biggest shift in Manufacturing, which gained 2,400 roles, based on the most recently available information published in April 2022.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 9,388 jobs in February and the unemployment rate decreased compared to the prior month by 60 bps to 3.5%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Louisville/Jefferson County, KY-IN unemployment rate is 64 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 10.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 154,800; +100
- Education & Healthcare: 100,800; +2,200
- Business Services: 90,300; +800
- Manufacturing: 78,900; +2,400
- Government: 71,800; +1,000
- Restaurants & Hotels: 61,200; +900
- Financial Services: 47,900; +500
- Construction, Mining: 28,000; -600
- Other Jobs: 22,900; -200
- IT & Development: 8,700; +300
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.