August 2015

Monday, August 24, 2015

Kentucky’s preliminary July unemployment rate rose slightly to a seasonally adjusted 5.2 percent from a revised 5.1 percent in June 2015, and remained below the national rate, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

The state rate in July 2015 was 1 percentage point below the 6.2 percent rate recorded in July 2014.

The U.S. seasonally adjusted jobless rate remained at 5.3 percent from June 2015 to July 2015, according to the U.S. Department of Labor.

Labor force statistics, including the unemployment rate, are based on estimates from the Current Population Survey of households. It is designed to measure trends rather than to count the actual number of people working. It includes jobs in agriculture and those classified as self-employed.

In July 2015, Kentucky’s civilian labor force was 1,959,681, a decline of 20,080 individuals compared to the previous month. Employment was down by 21,382, and the number of unemployed increased by 1,302. Read More

Thursday, August 20, 2015

Louisville ZIP code 40205, which includes all or parts of such upscale neighborhoods as Seneca Gardens and the Highlands, has been cited as one of America’s “hottest ZIP codes.”

The recognition comes from’s economic data team, which, for the first time, has released an analysis of the country’s “hottest ZIP codes midyear” and has put the local 40205 area in the 25th position.

The ranking is based on how quickly properties are selling and how frequently homes for sale are viewed on listings in each ZIP code.

“Listings in 40205 have received almost three times the views as the average listing in the U.S., and two to four times the views as the average listing in Louisville,” said in a release. “At the same time, inventory in the ZIP (code) has a median age of 38 days, which is 23 days lower than the market median and 35 days faster than the national median.” Read More

Tuesday, August 18, 2015

Louisville has been chosen as one of the first cities to take part in a $42 million Bloomberg Philanthropies initiative designed to help enhance data usage.

Eight cities will receive expert support and "peer-to-peer learning opportunities" through the organization's What Works Cities, according to a news release.

The program will help 100 mid-sized American cities improve their use of data to make government more effective, the release said.

The charitable Bloomberg Philanthropies was created by former New York City Mayor Michael Bloomberg.

The new program has generated widespread interest since launching in April, and 112 cities in 40 states applied within the first six weeks. Read More