Overall unemployment rate moved up to 4.0% with the biggest shift in Transportation & Utilities, which lost 2,000 roles, based on the most recently available information published in April 2023.
Total employment in the Louisville/Jefferson County, KY-IN market declined by 3,733 jobs in February and the unemployment rate increased compared to the prior month by 20 bps to 4.0%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Louisville/Jefferson County, KY-IN unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 3.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 161,100; -2,000
- Education & Healthcare: 99,700; +100
- Business Services: 89,100; +800
- Manufacturing: 84,500; +1,000
- Government: 71,700; +900
- Restaurants & Hotels: 63,700; -100
- Financial Services: 46,000; -100
- Construction, Mining: 28,900; -200
- Other Jobs: 25,200; -100
- IT & Development: 8,800; -100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.