|
|
Economic Analysis
The American Recovery and Reinvestment Act was signed into law by President Obama on February 17th, 2009. The one year aniversary of the signing has passed, more than $450 million has been awarded to the Louisville Metro, and the local economy has begun to show signs of economic recovery.
The Louisville at Work team has put together a series of graphs of several important economic indicators in the Louisville-Jefferson County MSA, describing how these indicators have been affected by the recent recession. Click on a graph below to get a description of the indicator:
|
Louisville Unemployment Rate: |
Monthly Job Gains and Losses: |
|
|
|
|
The Changing Louisville Economy: |
|
|
|
|
Cyclical vs. Non-Cyclical Employment: |
Quarterly Job Gains and Losses by Sector: |
|
|
|
|
Total Net Job Change By Sector: |
Louisville Average Real Weekly Wages: |
|
|
|
|
Louisville Housing Indicators: |
|
|
The Louisville at Work team is quick to note that it is extremely difficult at this point to prove with certainty that the Recovery Act has had a large positive effect on the Louisville economy. The different factors affecting the local macroeconomy are too numerous and complex to model with the limited data thus far collected during the Recovery Act's lifetime. Therefore, although the Louisville at Work team is able to describe the data in the following graphs, we will refrain from drawing many conclusions during this time.
|