Louisville-Jefferson County, KY-IN
| Data Series | Jan 2022 | May 2022 |
|---|---|---|
| Unemployment Rate(2) | 4.1 | 3.7 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 657.9 | 676.1 |
| 12-month % change | 2.1 | 2.8 |
How is the job market in Louisville Kentucky?
Louisville has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%. – The Sales Tax Rate for Louisville is 6.0%. The US average is 7.3%.
What is the unemployment rate in Kentucky right now?
Kentucky Unemployment Rate is at 3.70%, compared to 3.80% last month and 4.80% last year. This is lower than the long term average of 6.65%.
Basic Info.
| Region | Kentucky |
|---|---|
| Source | Bureau of Labor Statistics |
How is the economy in Louisville Kentucky?
Louisville is in an economic renaissance with outstanding job growth, new business creation, and billions of new capital investment. Louisville’s growth story also includes maintaining a high quality of life, affordable cost of living, and a cost competitive business environment.
Where does Ky rank in unemployment?
Unemployment Rates for States
| State | May 2022(p) rate | Rank |
|---|---|---|
| Kentucky | 3.8 | 31 |
| Massachusetts | 3.9 | 32 |
| New Jersey | 3.9 | 32 |
| Ohio | 3.9 | 32 |
Is Louisville Kentucky growing?
Kentucky’s overall population increased 3.8% to about 4.5 million people between 2010 and 2020. LOUISVILLE, Ky.
What is the median household income in Louisville Ky?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.0 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $54,929 |
What is Kentucky’s minimum wage?
ASHLAND, Ky. (WSAZ) – State lawmakers in Kentucky are considering a bill that would gradually raise the state’s minimum wage to $15 per hour by July 2026. “Nobody in 2022 can live off $7.25 an hour in this country,” said Sen.
Where does Kentucky’s economy rank?
Kentucky ranked 42nd worst economy in US.
What is the inflation rate in Kentucky?
August 2022
| Prices (BLS/Haver, AAA) | ||
|---|---|---|
| CPI-U Inflation | 6.8% | 6.2% |
| “Core” CPI Inflation | 4.9% | 4.6% |
| National Gas/gal. Updated 8/3/22 12:00 AM | $4.16 | $4.81 |
| Kentucky Gas/gal. | $3.77 | $4.53 |
What is the main industry in Louisville Ky?
Product manufacturing: Automotive, home appliances, bourbon and more. Louisville is a significant center of manufacturing. Within the city’s limits are two major Ford plants, namely the Kentucky Truck Plant and the Louisville Assembly Plant.
What is the main industry in Kentucky?
Manufacturing is Kentucky’s leading industry in several aspects. 18% of Kentucky’s GDP comes from the manufacturing industry, which has nearly doubled since 2009. Manufacturing is also one of the main sources of employment for Kentucky residents, giving jobs to 274,000 people – or 14.3% of the population.
What is Louisville known for?
Today, the city is known as the home of boxer Muhammad Ali, the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Cardinals, Louisville Slugger baseball bats, and three of Kentucky’s six Fortune 500 companies: Humana, Kindred Healthcare, and Yum! Brands.
Is Kentucky rich or poor?
Kentucky is the fortieth richest state in the United States of America, with a per capita income of $26,779 (2017).
Is Kentucky a poor state?
Overall, out of Americans for whom the Census Bureau was able to determine poverty status, 42.31 million lived below the poverty line (or 13.15% of the total population).
List.
| State or Territory | Kentucky |
|---|---|
| Population | 4,322,881 |
| Population under Poverty Line | 717,895 |
| Poverty Rate | 16.61% |
Which state has the worst unemployment?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | — | American Samoa |
| — | — | Northern Mariana Islands |
| 2 | — | Puerto Rico |
| 3 | 1 | Nevada |
Is Louisville a poor city?
Louisville ranks 7th among its peer cities in the percentage of residents in poverty. Thirteen point seven percent of Louisvillians live in poverty . Louisville is in the middle cluster of its peer group according to a natural breaks algorithm.
Is Louisville declining?
Louisville has a 2020 population of 344,794. Louisville is currently declining at a rate of -5.75% annually and its population has decreased by -10.88% since the most recent census, which recorded a population of 386,884 in 2010.
Is Louisville KY a good place to live?
Is Louisville a Safe Place to Live? Overall, Kentucky is on par with the rest of the country in terms of crime and safety. The state ranked No. 18 in the Crime Index by USA.com, ranking lower than North Carolina, Texas and California, but higher than Vermont, Maine, Montana and more.
What is a good salary in Louisville Ky?
Average Salary in Louisville, KY
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $94,471 | $45 |
| 75th Percentile | $70,853 | $34 |
| Average | $63,340 | $30 |
| 25th Percentile | $46,763 | $22 |
What is considered middle class in Louisville Ky?
While ZipRecruiter is seeing salaries as high as $121,396 and as low as $17,477, the majority of salaries within the Lower Middle Class jobs category currently range between $30,230 (25th percentile) to $68,964 (75th percentile) with top earners (90th percentile) making $113,365 annually in Louisville.