Unemployment Drops in Most Kentucky Counties

The latest unemployment numbers for Kentucky have been released and most counties, Jefferson included, show an improvement. In Louisville, the unemployment rate is down to nine percent. It’s the lowest rate in three years. The numbers are from last month, which, aside from a spike in September, capped a year of steady declines. The unemployment… Continue reading Unemployment Drops in Most Kentucky Counties

Wealth Gap Between Congress and Constituents Grows

The wealth gap between average Americans and their elected representatives in Congress has widened tremendously, according to recent analysis of financial disclosures. Political observers blame stagnant employee wages and the growing cost of running for public office as one culprit behind the growing disparity. But as the the New York Times reports, nearly half of… Continue reading Wealth Gap Between Congress and Constituents Grows

Jobless Rate Falls in Most Kentucky Counties

The unemployment rate dropped in most of Kentucky between September and October. The Office of Employment and Training shows lower jobless rates in 99 counties and higher rates in 20 counties. Jefferson was among those with a lower rate. Unemployment dropped from 10.4 percent in September to 9.5 percent in October. The lowest unemployment rate… Continue reading Jobless Rate Falls in Most Kentucky Counties

Mayor’s Office Celebrates New Jobs as Piecemeal Recovery Continues

A metal company will bring part of its roofing production business to Louisville and create 23 new jobs. That’s enough to earn praise from city officials. The payroll for the jobs at Drexel Metals will be $1.5 million. The company has been offered half a million dollars in tax breaks over ten years to create… Continue reading Mayor’s Office Celebrates New Jobs as Piecemeal Recovery Continues

Local Businesses Surveyed For Impact of Bridge Closure

Greater Louisville Inc. is sending surveys to area businesses to determine the effect the Sherman Minton Bridge closure had on local business. The survey went out Tuesday to members of GLI, One Southern Indiana and several other business associations as local businesses are adjusting schedules, management, and in some cases shipping routes in response to… Continue reading Local Businesses Surveyed For Impact of Bridge Closure

Federal Reserve Report Shows Slight Gains

The latest beige book from the Federal Reserve shows mixed results for the area. Louisville is in the Eighth District, which is centered in St. Louis. Overall, the district saw modest economic growth in July and August, but activity varied from sector to sector. Manufacturing, services and auto sales were up compared to the previous… Continue reading Federal Reserve Report Shows Slight Gains

What the Jobs Report Means for Louisville

American job growth was stagnant in August. No new jobs were added and the unemployment rate remains at 9.1 percent. Indiana University Southeast Professor Uric Dufrene has weighed in on the latest report with Chris Otts at the C-J‘s Derby City Sense blog: This national slow down will be seen in Louisville numbers. For example,… Continue reading What the Jobs Report Means for Louisville

Marketplace Special Tonight at 7pm: The Breakdown of the US Economy

It’s been a turbulent month for the markets and economies around the world. Marketplace has covered the story daily, and tonight at 7pm, Kai Ryssdal hosts a Marketplace special examining where the U.S. economy is headed and how we got here. We’ll explore what’s behind the recent market swings. Senior Editor Paddy Hirsch will offer… Continue reading Marketplace Special Tonight at 7pm: The Breakdown of the US Economy

Hit to Pension Fund Not as Severe as Expected

Kentucky is reporting that losses to the state employee pension fund in recent stock market volatility weren’t as severe as first thought. The Kentucky Retirement Systems financial portfolio fell $500 million between June 30 and Aug. 9. Last week, KRS had calculated the losses for the period at $1.7 billion. That figure was inflated, according… Continue reading Hit to Pension Fund Not as Severe as Expected

Dare to Care Demand Grows, Hunger Walk Approaches

The leaders of the Dare to Care Food Bank say this year’s hunger walk in Louisville has to be bigger than ever. Since late 2007, Dare to Care has seen the demand for food increase 67 percent. One out of every six area families now relies on the food bank for a portion of its… Continue reading Dare to Care Demand Grows, Hunger Walk Approaches