Overall unemployment rate stayed flat at 3.1% with the biggest shift in Business Services, which gained 2,300 roles, based on the most recently available information published in May 2023.
Total employment in the Indianapolis-Carmel-Anderson, IN market rose by 15,482 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Indianapolis-Carmel-Anderson, IN unemployment rate is 52 bps below the national rate which is a positive sign.
- Unemployment in the market is 20 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in March versus prior month by -0.1% and are down 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: 245,800; -400
- Business Services: 194,200; +2,300
- Education & Healthcare: 175,400; +900
- Government: 140,900; +900
- Restaurants & Hotels: 105,600; +1,900
- Manufacturing: 97,200; +1,100
- Financial Services: 75,700; -200
- Construction, Mining: 61,800; +1,700
- Other Jobs: 44,900; -200
- IT & Development: 12,100; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.