Overall unemployment rate moved down to 4.0% with the biggest shift in Government, which lost 6,700 roles, based on the most recently available information published in September 2021.
Total employment in the Indianapolis-Carmel-Anderson, IN market declined by 191 jobs in July and the unemployment rate decreased compared to the prior month by 50 bps to 4.0%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 166 bps below the national rate which is a positive sign.
- Unemployment in the market is 480 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 231,500; +1,400
- Business Services: 169,300; +3,000
- Education & Healthcare: 161,900; -500
- Government: 124,900; -6,700
- Restaurants & Hotels: 98,200; +1,000
- Manufacturing: 95,100; +900
- Financial Services: 71,000; -400
- Construction, Mining: 63,100; -1,200
- Other Jobs: 40,500; +1,100
- IT & Development: 11,500; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.