Overall unemployment rate moved up to 4.1% with the biggest shift in Transportation & Utilities, which lost 7,700 roles, based on the most recently available information published in March 2022.
Total employment in the Louisville/Jefferson County, KY-IN market declined by 2,013 jobs in January and the unemployment rate increased compared to the prior month by 120 bps to 4.1%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Louisville/Jefferson County, KY-IN unemployment rate is 33 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 January versus prior month by 7.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.1%. Key sectors include:
- Transportation & Utilities: 155,300; -7,700
- Education & Healthcare: 98,800; +800
- Business Services: 88,800; -2,100
- Manufacturing: 79,200; -900
- Government: 70,900; -1,100
- Restaurants & Hotels: 60,900; -700
- Financial Services: 47,600; -500
- Construction, Mining: 28,800; -1,400
- Other Jobs: 23,200; -100
- IT & Development: 8,500; -200
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.