Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which lost 2,200 roles, based on the most recently available information published in November 2021.
Total employment in the Indianapolis-Carmel-Anderson, IN market declined by 4,140 jobs in September and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 116 bps below the national rate which is a positive sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 4.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 228,900; -200
- Business Services: 168,400; -1,600
- Education & Healthcare: 162,700; -300
- Government: 138,200; +900
- Restaurants & Hotels: 96,200; -2,200
- Manufacturing: 94,100; -1,100
- Financial Services: 71,900; -100
- Construction, Mining: 63,500; +100
- Other Jobs: 40,100; +100
- IT & Development: 11,500; -100
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.