Overall unemployment rate moved down to 3.4% with the biggest shift in Manufacturing, which gained 3,200 roles, based on the most recently available information published in August 2022.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 8,154 jobs in June and the unemployment rate decreased compared to the prior month by 30 bps to 3.4%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Louisville/Jefferson County, KY-IN unemployment rate is 44 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 10.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 156,500; +700
- Education & Healthcare: 98,700; -1,200
- Business Services: 94,800; +1,100
- Manufacturing: 81,200; +3,200
- Restaurants & Hotels: 70,000; +1,900
- Government: 69,400; -1,800
- Financial Services: 49,000; +800
- Construction, Mining: 30,300; +1,200
- Other Jobs: 23,500; +100
- IT & Development: 8,700; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.