Louisville Unemployment Rate at Six-Year Low

November 5, 2014

Louisville’s jobless rate dropped to 5.8 percent in September, further evidence that the local economy is picking up steam and becoming more competitive with regional peer cities Mayor Greg Fischer said today.

The unemployment rate in Louisville has dropped from 7.7 percent in September, 2013 to 5.8 percent this past September, the latest figure available. The 1.9 percent fall ranks Louisville fourth out of its 15 regional competitor cities. The local jobless rate of 5.8 percent compares to the national figure of 5.9 percent for September. It’s the lowest unemployment has been in Louisville since April, 2008.

“The falling unemployment rate in our city is welcome news and further evidence that business has confidence in our economic development strategies and our strong quality of life,” Fischer said. “We still have much work to do to get more of our citizens back to work and to improve wages, which is one of our top goals,” Fischer said.

Louisville Forward, the city’s economic development team, has a goal of raising Louisville’s median annual wages to the top one-half of our peer cities by 2020 and top one-third by 2030.