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.
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
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.