Change since April of last year

The region's April data continues to signal a slowing economy. The number of people employed fell over the year, as did demand for workers as measured by online job postings. The unemployment rate did tick down, but this was driven by a decline in the size of the labor force, indicating people have given up looking for work.

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Map the impact of immigrants in your community

A new interactive map from the American Immigration Council provides comprehensive state and local immigration data. The resource shows the Louisville metropolitan region has more than 89,000 immigrants with $2.5B in spending power.

A looming workforce mismatch

An article from Indeed's Hiring Lab argues the coming challenge for the U.S. labor market isn't a shortage of workers or jobs, it's a shortage of pathways between them. Three structural forces are colliding at once: an aging workforce driving accelerating retirements, a sharp slowdown in immigration, and the rise of AI. While AI is expected to have its greatest impact in white-collar sectors, it offers little relief in the fields facing the most acute worker shortages, like healthcare, construction, and government. The reallocation of labor needed to align with the economy’s needs will require upskilling, credential reform, and better worker-to-job matching. 

Kentucky county data profiles

The Kentucky Center for Statistics recently published the County Data Almanac, a one-stop dashboard for commonly requested population and economic data for all 120 Kentucky counties. Topics covered include childhood, education, labor market, population, public health, and resource availability. 

The Labor Market Update is a monthly report produced by KentuckianaWorks, the Louisville region's Workforce Development Board. The report gives Louisville's policymakers and business leaders an overview of the local economy through powerful visuals and concise analysis.