A new report by the Indy Chamber and Indy Partnership shows that while the Circle City is recovering from the COVID-19 pandemic, it still has a way to go.

1. ECONOMIC INDICATORS
December 2021 November 2021 December 2020 % Change YOY
Labor (Indy Region)
Labor Force 1,040,412 1,050,296 1,053,810 -1.3%
Employed 1,027,377 1,028,734 1,007,193 2.0%
Unemployed 13,035 21,562 46,617 -72.0%
Unemployment Rate 1.3% 2.1% 4.4% -70.5%
Unemployment Insurance Claims (Indy Region)
Initial Claims 6,167 4,790 25,736 -76.0%
Continued Claims 18,361 20,797 63,607 -71.1%
Job Postings (Unique Ads) 23,162 15,860 17,449 32.7%
Closed Ads (Proxy for Hires) 6,804 9,541 5,227 30.2%
Housing (Indy Region)
Single Family Building Permits 832 714 788 5.6%
Single Family Building Permits YTD 10,430 9,598 8,669 20.3%
Single Family Units and Condos Sold 3,212 3,356 3,313 -3.0%
Single Family Units and Condos Sold YTD 38,434 35,222 37,013 3.8%
Sales Price of Single-Family Units $263,750 $259,950 $228,000 15.7%
Transportation (Indy Region)
Airline Passengers YTD 7,176,046 6,499,650 4,104,648 74.8%
Air Cargo (tons) YTD 1,334,110 1,188,258 1,116,700 19.5%
IndyGo Ridership YTD 5,002,901 4,584,737 5,638,095 -11.3%
Finance (US)
Dow Jones Industrial Average 36,338.3 34,483.7 30,606.5 18.7%
(last trading day of month)
Consumer Price Index 278.8 277.9 260.5 7.0%
(all urban consumers, not seasonally adjusted, 1982-84=100)
Producer Price Index 241.0 243.2 200.5 20.2%
(all commodities, not seasonally adjusted, 1982=100)
Commercial Real Estate (Indy Region) Q4 2021 Q3 2021 Q4 2020 % Change YOY
Industrial Market
Inventory (sf) 306,159,889 301,671,179 294,106,215 4.1%
Vacancy Rate 6.1% 5.5% 5.8% 5.2%
Average Asking Lease Rate/sf $4.71 $4.64 $4.49 4.9%
Office Market
Inventory 38,368,315 38,205,675 37,806,845 1.5%
Vacancy Rate 19.0% 19.4% 19.6% -3.1%
Average Asking Lease Rate $/sf $21.21 $21.28 $21.24 -0.9%
Contact 317.464.2203 or jbarnett@indypartnership.com for more information.
Sources: IDWD, Chmura, BAGI, MIBOR, Indianapolis Airport Authority, IndyGo, Yahoo Finance, US BLS, CBRE
Data are subject to revision.