Move up labor market ranking good news for Louisville
The Wall Street Journal’s latest Best Labor Market city rankings show Louisville moving from 41st to 22nd place over the last four years.
The significance of this change is that it makes the city a more appealing choice for expansion or relocation. Sarah Davasher-Wisdom, president of Greater Louisville Inc., was quote by WAVE as saying:
The effect on orders for business cards, handbooks, and other stationery items that Louisville’s improved position will provide to stationery printers remains yet to be seen.
Not surprisingly, cities in the Sunbelt region of the country dominate the top of the Best Labor Market list, with the top five U.S. cities being Raleigh, Dallas, Jacksonville, Austin, and Nashville. While it is hardly in a position to compete with Nashville, which holds the No. 1 position, Louisville does rank considerably higher than 36th-placed St. Louis and Cincinnati at No. 43.
Among the factors contributing to Louisville strong showing on the list is its above national average rise in workforce participation following the pandemic shutdown. Also factoring into the city’s higher location on the list is its wages, in which it was ranked 10th for average weekly wage increases.
The significance of this change is that it makes the city a more appealing choice for expansion or relocation. Sarah Davasher-Wisdom, president of Greater Louisville Inc., was quote by WAVE as saying:
“That is saying to companies there’s available talent. And that’s because that’s the biggest pain point, that’s one of the things companies are really looking for when they are seeking to either expand locally or moved to the area.”
The effect on orders for business cards, handbooks, and other stationery items that Louisville’s improved position will provide to stationery printers remains yet to be seen.
Not surprisingly, cities in the Sunbelt region of the country dominate the top of the Best Labor Market list, with the top five U.S. cities being Raleigh, Dallas, Jacksonville, Austin, and Nashville. While it is hardly in a position to compete with Nashville, which holds the No. 1 position, Louisville does rank considerably higher than 36th-placed St. Louis and Cincinnati at No. 43.
Among the factors contributing to Louisville strong showing on the list is its above national average rise in workforce participation following the pandemic shutdown. Also factoring into the city’s higher location on the list is its wages, in which it was ranked 10th for average weekly wage increases.