Overall unemployment rate moved down to 2.0% with the biggest shift in Restaurants & Hotels, which lost 2,400 roles, based on the most recently available information published in June 2022.
Total employment in the Indianapolis-Carmel-Anderson, IN market rose by 523 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 2.0%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 134 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -1.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 237,700; -1,400
- Business Services: 182,700; +1,200
- Education & Healthcare: 164,900; -1,700
- Government: 138,000; -100
- Restaurants & Hotels: 100,400; -2,400
- Manufacturing: 93,600; -500
- Financial Services: 76,500; -500
- Construction, Mining: 59,200; +1,500
- Other Jobs: 42,700; -100
- IT & Development: 12,500; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.