New Albany – Southeast Indiana
New Albany, Indiana, is the most populous city in, and the county seat of, Floyd County. New Albany is part of the Louisville/Jefferson County, KY-IN, Metropolitan Statistical Area in southeastern Indiana along the Ohio River.* As of 2022, the city had a population of 37,506, and the full MSA had a population of 1,284,553.
* MSAs are defined by the U.S. Office of Management and Budget.Quick Stats
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The New Albany Futurecast Event
Thank you for attending!
Wednesday, Nov. 15, 2023
Breakfast served at 8:00 am.
Hoosier Room, University Center North
4201 Grant Line Rd,
New Albany, IN 47150
Featured Speakers at the New Albany Futurecast Event
This event is co-hosted by the IU Southeast School of Business, the IBRC and the Kelley School of Business.
What did we say last year about the Louisville region?
Published December 16, 2022
Looking ahead to 2023, we can expect growth to slow from 2022. As the nation’s economy enters a recession in the next year, we don’t expect Louisville payroll growth to exceed 2022 levels. While we can expect to see an overall deceleration in economic activity, the impact of a national recession will be relatively mild on the Louisville metro. Our 2023 outlook is the addition of 10,000 jobs and an unemployment rate that will approach 4.5%.
The Louisville metro added 30,000 jobs from September 2021 through September 2022. Excluding the abnormally large changes that occurred in 2021 due to the Covid recession, an addition of 30,000 jobs represents the largest absolute year-over-year change in the past 30 years. Louisville payrolls now exceed the February 2020 level by approximately 10,000. Since the payroll trough that occurred in 2020, the Louisville metro has added approximately 113,000 jobs.
Payroll gains will decelerate into 2023, and the total change in payrolls will be approximately one-third of the change for 2022. However, our outlook does not expect an overall decline in job growth.
Read the full Louisville article »
Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.