Unemployment rate drops in metro area

Louisville metro -- which includes the Southern Indiana counties of Clark, Floyd, Harrison and Washington -- saw its unemployment rate fall from 10.6 percent in June to 10.2 percent in July according to a U.S. Labor Department survey. That means about 3,000 fewer people were jobless in July; year over year employment losses have declined for two consecutive months after peaking in May. The decline of a labor force by 8,000 was somewhat above the average percentage change since 1990, suggesting that some workers are no longer seeking employment and leaving the labor force altogether. Retail employment losses are the highest since the start of the recession