Overall unemployment rate moved down to 4.5% with the biggest shift in Transportation & Utilities, which lost 4,300 roles, based on the most recently available information published in April 2021.
Total employment in the Indianapolis-Carmel-Anderson, IN market declined by 15,076 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 4.5%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 205 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 4.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 222,900; -4,300
- Education & Healthcare: 162,600; +3,400
- Business Services: 161,500; -2,000
- Government: 136,400; +800
- Manufacturing: 92,100; +1,000
- Restaurants & Hotels: 89,600; +700
- Financial Services: 70,900; -200
- Construction, Mining: 54,400; -1,300
- Other Jobs: 38,200; +100
- IT & Development: 11,800; +100
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.