Overall unemployment rate moved up to 4.2% with the biggest shift in Manufacturing, which lost 4,100 roles, based on the most recently available information published in April 2022.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 3,661 jobs in March and the unemployment rate increased compared to the prior month by 70 bps to 4.2%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Louisville/Jefferson County, KY-IN unemployment rate is 45 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 9.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 155,700; +1,000
- Education & Healthcare: 100,700; +300
- Business Services: 90,800; +400
- Manufacturing: 74,700; -4,100
- Government: 72,200; +600
- Restaurants & Hotels: 62,300; +1,200
- Financial Services: 48,200; +900
- Construction, Mining: 27,900; -100
- Other Jobs: 23,500; +500
- IT & Development: 8,300; -200
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.