Metro Mix — Lexington, Kentucky
Snapshots of economic conditions and prospects for MSAs in the Fourth District
Lexington Metro Mix (September 2018) | PDF
Though the unemployment rate ticked up about half a percentage point in the Lexington metro area in the first half of 2018, it remained low at 3.5 percent in June 2018. And although several sectors experienced employment declines, employment grew overall in the metro area about 1.0 percent during 2017. Home price growth slowed but remains robust, while per capita consumer debt levels and credit card delinquency rates have ticked up in recent quarters. Finally, per capita GDP growth in the metro area slowed in 2016, while per capita income fell. Read more…
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Lexington—A Strong Labor Market but Some Signs of Stress
The Lexington metro area’s unemployment rate remained low as of June 2018, and employment grew during 2017. However, per capita consumer debt levels and credit card delinquency rates have ticked up in recent quarters. Read More
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Lexington—Steady Growth Continues
Increasing employment, increasing median home values, stable levels of consumer debt, historically low credit card delinquency rates, and the second-lowest metro area unemployment rate in Kentucky in January 2018 spells steady growth for this metro area. Read More
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Lexington—Continued Economic Growth
The Lexington metropolitan area continues to exhibit signs of economic growth across various performance metrics. Most notably, recent figures for unemployment, real GDP per capita, income per capita, consumer debt, and credit card delinquency rates are near prerecession levels. Read More
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Lexington—Growth Remains Solid in the Lexington Region
Economic conditions remain strong in the Lexington metro area. The most recent unemployment rate is the lowest it has been since 2001, and the region has nearly 9 percent more jobs today than it did in 2007. Read More
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Lexington—Continuing Economic Expansion
A broad range of indicators show that the economy of the Lexington metro area has continued to expand. Most notably, real output per capita grew 3.8 percent in 2015, more than twice the largest increase in any year since 2011. Read More
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Lexington — Strong and Broad-Based Employment Growth
With a notably lower unemployment rate and faster employment growth, the Lexington metro area continues to have a stronger labor market than the nation or the state of Kentucky. Read More
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Lexington — Expanding at a Near-Record Pace
Employment growth remains strong, unemployment has hit post-recession lows, and the housing market is expanding at a healthy pace. Read More
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Lexington — The Bluegrass Region Continues to Gain Steam
The Lexington economy continues to gain steam as the labor market expands, wages rise, the automotive production sector strengthens, and enrollment grows at the state’s flagship university. Read More
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Lexington — Opening Up a Lead in a Previously Sluggish Recovery
After a relatively rough first half of 2014 due to a harsh winter, the Lexington metro area economy has resumed a moderate growth pace, bearing positive implications in the near and medium terms. Read More
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Lexington — Expansion Continues
The metro area continues to expand at a moderate pace as it benefits from significantly increased construction at the University of Kentucky, and expansion at Toyota’s largest automotive plant outside of Japan. Read More