Lexington, KY – December 2023 Jobs Report – Stability Amidst Shifting Gears

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December 2023 brought mixed signals to Lexington’s job market. While the unemployment rate held steady, indicating continued job seeker advantage, overall job growth stalled compared to previous months. Certain industries exhibited resilience, potentially offering opportunities, but broader economic considerations urge caution.


  • Low unemployment rate persists: At 3.1%, the unemployment rate remained unchanged, showcasing a tight labor market with readily available job options.
  • Job growth comes to a halt: Nonfarm jobs saw no change, remaining at 300,400, marking a significant slowdown compared to previous months’ robust gains.
  • Healthcare and Education hold their ground: These sectors maintained stability, offering potential opportunities in areas like hospitals, schools, and social services.

What Industries and Occupations Grew:

  • Health Care and Social Assistance: This sector held steady, potentially reflecting ongoing demand for medical professionals and social service workers. Registered nurses, healthcare assistants, and social workers could see opportunities.
  • Professional and Business Services: This sector also saw minor growth with 5 additional positions, encompassing areas like finance, consulting, and technology. Accountants, marketing specialists, and customer service representatives might benefit.
  • Educational Services: This sector held steady, maintaining its existing job count. Positions in schools and educational institutions could offer stable options.

What Industries and Occupations Shrank:

  • No industries reported job losses in December 2023.

Compare to Same Month Last Year:

  • Unemployment rate: Down slightly from 3.2% in December 2022, marking a minor improvement in the labor market.
  • Nonfarm job growth: Lower than the 1,400 jobs added in December 2022, highlighting a significant deceleration in hiring.

Compare to Previous Month:

  • Unemployment rate: Unchanged from November 2023, indicating stability in the labor market.
  • Nonfarm job growth: Significantly lower than the 820 jobs added in November 2023, showcasing a dramatic slowdown in hiring.

Future Outlook:

Experts forecast cautious optimism for Lexington’s job market in 2024. The low unemployment rate, despite stagnant job growth, suggests potential resilience. However, national economic concerns and inflation could create uncertainty. Healthcare, education, and professional services might offer opportunities, while broader factors could impact the overall trajectory.

10 Growing Occupations in Lexington, KY:

  1. Registered Nurses
  2. Nursing Assistants
  3. Customer Service Representatives
  4. Sales Representatives
  5. Teachers
  6. Software Developers and Applications Developers
  7. Marketing Specialists
  8. Accountants and Auditors
  9. Transportation Security Officers
  10. Truck Drivers

10 Companies Hiring Now in Lexington, KY:

  1. University of Kentucky
  2. Baptist Health Lexington
  3. Lexmark International, Inc.
  4. Amazon
  5. Toyota Motor Manufacturing Kentucky, Inc.
  6. Fayette County Public Schools
  7. Kroger
  8. Walmart
  9. Home Depot
  10. Lowe’s