News
Louisville Region’s Labor Market: 2024 Highlights
The regional economy showed signs of softening in 2024. Higher interest rates set by the Federal Reserve achieved their intended purpose of slowing the economy to reduce inflation. The economy entered the current turbulent policy environment from an already weakened position. It has been especially difficult for people entering the labor market, particularly among young workers. Let’s review how the regional economy performed in 2024.
Regional labor force participation is the same as the nation’s
The labor force participation rate is an important measure of economic performance. But what is labor force participation? And how does Kentuckiana stack up? Learn about this economic indicator and factors influencing labor market engagement in this new article.
Economic review of 2023: 5 key takeaways
Five key takeaways about the regional economy in 2023.
The importance of immigrants to the region's labor force
Given the current demand for workers, it is worth highlighting the importance of immigrants to the labor supply within the Louisville region.
The role of child care in the labor force participation rate among women
Research shows that mothers of young children accounted for nearly a quarter of the unanticipated employment loss related to COVID-19. Access to affordable, reliable child care was a challenge before the pandemic, and has only gotten worse since. The low-wage-work/high-cost-service conundrum of the child care sector has led the Treasury Department to deem the industry a market failure. This implies a need for public sector support, and given the impact to businesses in need of a labor supply, also suggests a role for employers to step in.