Overall unemployment rate moved down to 3.5% with the biggest shift in Construction, Mining, which gained 1,400 roles, based on the most recently available information published in May 2023.
Total employment in the Louisville/Jefferson County, KY-IN market rose by 8,940 jobs in March and the unemployment rate decreased compared to the prior month by 60 bps to 3.5%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Louisville/Jefferson County, KY-IN unemployment rate is 12 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 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 2.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 162,500; +1,300
- Education & Healthcare: 99,900; +500
- Business Services: 88,200; -900
- Manufacturing: 84,900; +800
- Government: 72,100; +100
- Restaurants & Hotels: 65,300; +1,200
- Financial Services: 45,600; -400
- Construction, Mining: 30,300; +1,400
- Other Jobs: 25,800; +400
- IT & Development: 8,900; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.