© 2024 Louisville Public Media

Public Files:
89.3 WFPL · 90.5 WUOL-FM · 91.9 WFPK

For assistance accessing our public files, please contact info@lpm.org or call 502-814-6500
89.3 WFPL News | 90.5 WUOL Classical 91.9 WFPK Music | KyCIR Investigations
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Stream: News Music Classical

Economic Growth Slows In Louisville

A small rise in employment in Louisville wasn’t enough to keep the local economy moving upward.The Federal Reserve’s latest quarterly report shows a 1.1% rise in employment, but a drop in consumer spending in Louisville, which could be a bad sign.“If sales to consumers are decreasing, maybe this is a harbinger of something worse to come," says Regional Fed Director Howard WallWall says consumer confidence is likely shaken from the sub-prime mortgage crisis. People may also be spending less because prices of necessities have risen. Either way, Wall says if consumer spending keeps falling, the nation could enter a recession.

Can we count on your support?

Louisville Public Media depends on donations from members – generous people like you – for the majority of our funding. You can help make the next story possible with a donation of $10 or $20. We'll put your gift to work providing news and music for our diverse community.