Overall unemployment rate moved down to 2.4% with the biggest shift in Restaurants & Hotels, which gained 6,300 roles, based on the most recently available information published in June 2023.
Total employment in the Indianapolis-Carmel-Anderson, IN market rose by 9,938 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 2.4%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 70 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in April versus prior month by 2.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Transportation & Utilities: 246,600; +800
- Business Services: 196,600; +2,700
- Education & Healthcare: 176,400; +2,000
- Government: 140,400; -500
- Restaurants & Hotels: 112,000; +6,300
- Manufacturing: 97,700; +700
- Financial Services: 76,100; +400
- Construction, Mining: 63,200; +1,600
- Other Jobs: 44,900; no change
- IT & Development: 12,100; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.