Kentuckiana Works is closing four satellite career locations in the Louisville area in response to a $475,000 cut in next year’s federal budget. Kitty Armstrong is the communications director for Kentuckiana Works. She says the other locations will continue to offer various job services. “You can get assistance with unemployment insurance, if you need to […]
With a promise of city and state tax rebates, a British transportation company is expanding its operations in Louisville. Invensys Rail will add 75 jobs that pay around $70,000 a year to its east Louisvile office, which currently employs about 275 people. Among other products, the transportation company develops automated railroad transit systems, but Mayor […]
New data from the U.S. Bureau of Labor Statistics shows the jobless rate in Louisville and the surrounding area dropped last month. Unemployment in March was just over 10 percent, down from 11 percent. That represents roughly 4,500 people finding jobs. Local unemployment is still about a point higher than the national rate, and Kentuckiana […]
Comparing Louisville to its competitor cities, the Downtown Development Corporation unveiled the first ever “State of Downtown” report to measure the city’ s benchmarks in a number of key areas. Defined by the 40202 zip code, researchers showed that Louisville had 12 percent increase among downtown workers over the past decade, the largest among peer […]
Due to a shortage of parts from Japan, the Toyota Motor Company will shut down its North American factories.
Spokesperson Mike Goss says the shutdowns will likely begin this month and last until earthquake-damaged plants can resume operations.
STATE OF AFFAIRS 03/09/11: Teen unemployment reached almost 26% in January. New college graduates face daunting competition to secure even low-wage, temporary jobs; finding employment related to their desired career is even more challenging. 16-24 year olds have been hit hard by the economic crash. Not only are jobs scarce, but many Baby Boomers aren’t retiring when expected. So what options exist for Kentucky’s young people? How can they gain experience, additional education, and a paycheck? How do they avoid the emotional toll of long term unemployment? We sit down with our guests to explore the causes and possible solutions for unemployment among young workers in the Commonwealth. Listen to the Show
Recently, Louisville Mayor Greg Fischer announced his plans to work with the Brookings Institution and the Lexington Government on a new financial plan for the city. A spokesperson for Fischer says there are no plans to involve the KLC in the project.
The region ranks ninth from the bottom in a measurement of job growth in the 372 largest metro areas. Most of the cities added jobs last year, but Louisville and the surrounding area lost 75 hundred. That follows a decade when more than 30 thousand jobs were lost.
Mayor Fischer’s State of the City Address today will focus on job growth and a projected budget deficit for Louisville Metro Government.
After the speech, Fischer’s next major address will likely come when he presents the city budget for the next fiscal year in the spring. Fischer has indicated he will begin the budget process early this year, seeking input from the public and the Metro Council before releasing the final draft.