Overall unemployment rate moved down to 2.4% with the biggest shift in Transportation & Utilities, which gained 4,200 roles, based on the most recently available information published in December 2021.
Total employment in the Indianapolis-Carmel-Anderson, IN market rose by 2,084 jobs in October and the unemployment rate decreased compared to the prior month by 40 bps to 2.4%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 186 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 4.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 233,100; +4,200
- Business Services: 168,700; +1,100
- Education & Healthcare: 163,900; +800
- Government: 138,300; +100
- Restaurants & Hotels: 96,500; +200
- Manufacturing: 95,200; +1,100
- Financial Services: 73,100; +1,000
- Construction, Mining: 62,900; -500
- Other Jobs: 39,900; -200
- IT & Development: 11,500; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.