Overall unemployment rate moved up to 3.2% with the biggest shift in Transportation & Utilities, which gained 1,600 roles, based on the most recently available information published in December 2022.

Total employment in the Louisville/Jefferson County, KY-IN market declined by 4,804 jobs in October and the unemployment rate increased compared to the prior month by 50 bps to 3.2%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Louisville/Jefferson County, KY-IN unemployment rate is 20 bps below the national rate which is a positive sign.
  • Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in October versus prior month by 5.3% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Louisville/Jefferson County, KY-IN Unemployment October 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

  • Transportation & Utilities: 157,900; +1,600
  • Education & Healthcare: 105,700; +900
  • Business Services: 93,500; -1,500
  • Manufacturing: 83,500; +700
  • Government: 73,800; +100
  • Restaurants & Hotels: 66,900; no change
  • Financial Services: 47,300; -500
  • Construction, Mining: 31,400; +200
  • Other Jobs: 23,800; +100
Louisville/Jefferson County, KY-IN Unemployment by Industry October 2022

Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.