News
Spotlight on the manufacturing industry
The manufacturing sector is the second largest sector in the Louisville region’s economy, and holds a special place in the history of the region’s development. Learn more about the current state of the manufacturing industry in this spotlight.
Half of the region's workforce earns at least $44k
The Bureau of Labor Statistics reported in May 2022 the Louisville region’s median hourly wage was $21.33 per hour, or $44,360 per year. More than half of the region’s workforce is earning a living wage for a single adult with no children. But the region’s median wage is still short of the family-supporting wage for a family of four with two working adults.
Update: A new tool to help Kentuckians understand benefits cliffs
As the costs of basic needs have skyrocketed during this period of rapid inflation, it is worth revisiting the impact of cliff effects on workers in low-wage jobs. The Kentucky Center for Statistics has revamped its Family Resource Simulator, making it easier to use and ensuring it will stay updated and relevant in a changing economy.
What updated occupation data shows for the Louisville region
The latest occupation data from the Bureau of Labor Statistics shows that some of the region’s most common occupations do not provide a living wage. Compared to other metro areas, Louisville has lower overall wages, even after adjusting for the cost of living.
The Louisville region ends 2021 in one of the tightest labor markets ever recorded
Like the rest of the nation, the Louisville region is experiencing a very tight labor market. The unemployment rate is near record lows, and average wages are increasing. But with inflation on the rise, workers are not feeling the full benefits of wage increases. In this rare shift toward worker power, employees are able to voluntarily leave their current position and seek out new and better working conditions.