Overall unemployment rate moved up to 3.7% with the biggest shift in Restaurants & Hotels, which gained 3,700 roles, based on the most recently available information published in June 2022.
Total employment in the Louisville/Jefferson County, KY-IN market declined by 2,270 jobs in May and the unemployment rate increased compared to the prior month by 90 bps to 3.7%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Louisville/Jefferson County, KY-IN unemployment rate is 32 bps above the national rate which is a negative sign.
- Unemployment in the market is 30 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 10.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 156,200; +1,100
- Education & Healthcare: 100,800; +400
- Business Services: 94,600; +1,300
- Manufacturing: 77,900; -3,500
- Government: 71,200; -800
- Restaurants & Hotels: 68,300; +3,700
- Financial Services: 48,000; -300
- Construction, Mining: 29,100; +800
- Other Jobs: 23,500; +500
- IT & Development: 9,000; +400
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.