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ST. LOUIS—According to analysis published by the Federal Reserve Bank of St. Louis, the Louisville metropolitan region is well on track toward reaching postrecession highs in employment and job growth. These findings are the subject of a current article in The Regional Economist.
The report found that the Louisville Metropolitan Statistical Area (MSA):
Additionally, both the Kentucky and Indiana sides of the Louisville MSA have invested heavily in bridge and infrastructure projects, which will lead to more jobs in construction and other skilled areas, as well as improved transportation.
Assuming no major shifts, Louisville can expect its stable-growth sectors of health care and logistics to provide consistency in employment trends moving forward. Coupled with recent vigor in heavy manufacturing, such as in autos, and the large undertaking of the Ohio River Bridges Project, area employment conditions should continue to improve to postrecession bests.