We noticed that you may be using an older web browser. All the basics of this website will still work, but for a better, more secure experience, please consider upgrading to a modern browser:

Monthly Jobs Snapshot | Job growth slowing in Louisville metro area

55,000 unemployed in the Louisville-Southern Indiana region as of June

Date Published: 7/25/2013

By Chris Otts, KentuckianaWorks
chris.otts@kentuckianaworks.org

After a strong rebound in 2012, the pace of job growth is slowing in the 13-county Louisville-Southern Indiana metro area.

The area unemployment rate as of June, 8.5 percent, was unchanged from the same time last year, according to figures released Thursday. While more people have found jobs in the metro area in the last 12 months, an even greater number have joined the workforce. That's led to a slight increase in the area's unemployed population, which now stands at 55,504.

A separate, and more reliable, survey of employers shows the metro area has added9,086 jobs in the last 12 months --- about 1.5 percent. The Louisville region is doing better than the state of Kentucky as a whole, where employment is down over the last 12 months, according to Manoj Shanker, an economist with the Kentucky Office of Employment & Training. But nationally, jobs are up 1.7 percent during the same period, so the "huge slow down" the state is experiencing is worrying, Shanker said.

The following chart, produced by Shanker, shows how job growth in the Louisville area has slowed in recent months:





As I wrote in last month's snapshot, manufacturing is leading Louisville's recovery from the recession, particulary the making of "durable goods" like cars and appliances.That remains evident in the latest sector-by-sector figures (below). The figures also show a healthy increase in "professional, scientific and technical services" jobs, which are high-paying jobs in professions like accounting, law and architecture. Construction employment in the area remains soft.

Nonfarm Employment, Louisville MSA
Preliminary Revised Annual Change
Jun-13 Jun-12 Net Change Percent
Total Nonfarm Employment 625,434 616,348 9,086 1.5%
Total Private 542,164 534,130 8,034 1.5%
Goods Producing 99,865 98,016 1,849 1.9%
Service-Providing 525,569 518,332 7,237 1.4%
Private Service-Providing 442,299 436,114 6,185 1.4%
Mining, Logging and Construction 25,138 26,543 -1,405 -5.3%
Specialty Trade Contractors 17,471 17,473 -2 0.0%
Manufacturing 74,727 71,473 3,254 4.6%
Durable Goods 50,110 46,421 3,689 7.9%
Transportation Equipment 16,555 15,703 852 5.4%
Durable Goods - Residual 33,555 30,718 2,837 9.2%
Non-Durable Goods 24,617 25,052 -435 -1.7%
Trade, Transportation, and Utilities 134,249 132,690 1,559 1.2%
Wholesale Trade 29,816 28,585 1,231 4.3%
Retail Trade 63,086 62,202 884 1.4%
General Merchandise Stores 13,530 13,532 -2 0.0%
Retail Trade - Residual 49,556 48,670 886 1.8%
Trans, Warehousing, and Utilities 41,347 41,903 -556 -1.3%
Information 9,575 9,726 -151 -1.6%
Financial Activities 40,862 41,319 -457 -1.1%
Finance and Insurance 34,060 33,878 182 0.5%
Financial Activities - Residual 6,802 7,441 -639 -8.6%
Professional and Business Services 77,109 75,401 1,708 2.3%
Professional, Scientific, and Technical Services 29,160 27,431 1,729 6.3%
Mgmt of Companies and Enterprises 7,500 7,505 -5 -0.1%
Admin, Waste Mgmt ,and Remediation Services 40,449 40,465 -16 0.0%
Education and Health Services 86,667 85,459 1,208 1.4%
Ambulatory Health Care Services 28,311 27,581 730 2.6%
Leisure and Hospitality 68,311 65,654 2,657 4.0%
Arts, Entertainment, and Recreation 10,828 10,200 628 6.2%
Accommodation and Food Services 57,483 55,454 2,029 3.7%
Food Services and Drinking Places 52,284 50,432 1,852 3.7%
Accommodation & Food - Residual 5,199 5,022 177 3.5%
Other Services 25,526 25,865 -339 -1.3%
Government 83,270 82,218 1,052 1.3%
Federal 9,113 9,101 12 0.1%
State 21,024 20,649 375 1.8%
Local 53,133 52,468 665 1.3%

Source: Manoj Shanker, Kentucky Office of Employment & Training

Return to News

Job Seekers/Laid-Off Workers

Find that great career you really want and the education to get you there. Get started.

Youth

Find specialized services to help with education and job search, including summer employment. Get Started.

Employers

Find help with matching your needs with worker skills, customized training and labor market information. Get Started.