Overall unemployment rate moved up to 4.6% with the biggest shift in Transportation & Utilities, which lost 9,800 roles, based on the most recently available information published in March 2021.
Total employment in the Indianapolis-Carmel-Anderson, IN market declined by 26,171 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 4.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 221 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 3.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.4%. Key sectors include:
- Transportation & Utilities: 227,400; -9,800
- Business Services: 163,800; -6,900
- Education & Healthcare: 159,300; -2,900
- Government: 135,600; -700
- Manufacturing: 91,300; +700
- Restaurants & Hotels: 88,700; -2,900
- Financial Services: 71,200; -600
- Construction, Mining: 56,100; -3,200
- Other Jobs: 38,300; no change
- IT & Development: 11,800; +200
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.