We created The Closing Bell last spring after we figured out staffers, contributors and insiders were sitting on too much news that couldn’t wait for the Monday Business Briefing. Since then, TCB has become one of our best-read features.
Today we’ve got an uncanny amount of good news … consider it our gift to you for the weekend. Don’t worry, we’ll be back to our surly selves come Monday.
Louisville has highest job levels, lowest unemployment since pre-recession
Good news on the jobs front…
A new report from KentuckianaWorks released today — but shared with The Closing Bell in advance — shows the Louisville area essentially has rebounded financially from the Great Recession. Specifically, it now has the lowest unemployment rate, highest number of jobs, and highest inflation-adjusted wages since before that financial collapse. The report is called “The State of the Louisville Regional Labor Market.”
As of September, Louisville’s unemployment rate was 5.5 percent, down from 7.5 percent in September 2013. Since 2013, the Louisville area has added 8,884 new jobs, with 22,000 more people working today than in 2009.
Earnings are up, too: Louisville’s average annual inflation-adjusted wage is now $47,372, up $3,000 from 2010.
The report also shows the most in-demand jobs. Average salaries for these range from $17,875 to $84,867. The single most highly sought after job is registered nurse, with 2,000 job postings in the past three months. Most of the best, living-wage jobs are in healthcare and information tech, the report says, paying average salaries that range from $37,079 to $150,121. Most of these jobs require post-secondary educations.
Oh, For Goodness Crepes
Yet another new food destination is moving into the Baxter Avenue/Bardstown Road corridor, this time specializing in those delicate French pancakes known as crepes.
An IL sleuth spotted the hand-painted sign in the window of 619 Baxter Ave. earlier this week. A knock at the door yielded an in-depth interview about plans for the restaurant, which will be called For Goodness Crepes and is slated to open in the coming weeks.
Business partners Abby Peak and Carrie Ramsey are behind the new venture, which is being partially funded through biz loans provided by METCO and the Community Ventures Corporation, along with entrepreneurial advice from the Small Business Development Center and SCORE.
The duo has a “fast-casual style concept” in mind for the restaurant, offering a combination of specialty crepes and you-build-it options.
Check back at Insider Louisville later today for all the delectable details…