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.
2020 Data Review: An uneven economic recovery for the Louisville region
The economic fallout of the COVID-19 pandemic has reverberated throughout the world. The Louisville region’s economy has also suffered as people and businesses reacted to the public health crisis.
In this post, we review the data from throughout 2020 to see the economic impact in the local economy. The recovery since the depths of the pandemic has been uneven across sectors and unequal for different workers.
The economic impact of the coronavirus pandemic in the Louisville region
Economic conditions in the United States have changed at an unprecedented rate in the last 90 days due to the COVID-19 pandemic, going from record-low unemployment rates to record-highs in just a few months. The closure of non-essential businesses and dramatic declines in consumer spending have left millions of workers jobless. New data released Wednesday from the Bureau of Labor Statistics sheds light on how the Louisville metropolitan region’s economy has been impacted by the coronavirus pandemic. The data reveals the local economic conditions in mid-April, at the height of the pandemic.
New study confirms value of SummerWorks
SummerWorks is a summer youth employment program designed to provide job skills and experience for Louisville’s young people. KentuckianaWorks partnered with the Kentucky Center for Statistics to examine the long-term impacts of participating in SummerWorks.
