The Indianapolis and Indiana unemployment rates continued to decline over the past month to 3.8 and 4.5 percent, respectively.

1. Office employment trends (12-month change) | Indianapolis
Source: Bureau of Labor Statistics, JLL Research
Total jobs vs. Unemployment rate | Indianapolis
Number of jobs
• The Indianapolis and Indiana unemployment rates continued to decline
over the past month to 3.8 and 4.5 percent, respectively, according to
the most recent estimates available from the BLS. This is the lowest
unemployment rate in Indianapolis in eight years.
• The official unemployment rate nationally declined by 10 basis points
to 5.0 percent, while white-collar unemployment stayed stable at just
2.5 percent. In September, the civilian labor force contracted by
350,000 people and participation declined to 62.4 percent; combined
with relatively sustained growth elsewhere, which helped to push down
the unemployment rate.
• After two months of underperformance, the national labor market
headed back into growth mode with 271,000 net new jobs. This was
the highest monthly total over the course of 2015. Performance at this
level could trigger an interest rate hike by year-end as the economy
continues to approach the Federal Reserve’s targets.
Employment Update
Metro Indianapolis | August 2015
September 2013 September 2014 September 2015
Total non-farm
employment
986,200
1.9%
1,003,500
1.8%
1,031,600
2.8%
Unemployment rate 6.5% 5.2% 3.8%
Indianapolis supersectors September 2013 September 2014 September 2015
Mining, Logging & Construction 46,300 2.4% 46,400 0.2% 46,100 -0.6%
Manufacturing 88,000 0.2% 89,700 1.9% 91,900 2.5%
Trade, Transportation, & Utilities 207,400 2.9% 211,600 2.0% 224,300 6.0%
Information 16,600 3.1% 17,000 2.4% 16,700 -1.8%
Financial Activities 60,600 0.8% 61,500 1.5% 60,700 -1.3%
Professional & Business
Services
150,100 4.7% 155,900 3.9% 159,500 2.3%
Educational & Health Services 144,600 0.7% 145,800 0.8% 148,200 1.6%
Leisure & Hospitality 101,700 2.1% 102,100 0.4% 107,000 4.8%
Other Services 42,500 3.2% 44,200 4.0% 45,300 2.5%
Government 128,400 -0.4% 129,300 0.7% 131,900 2.0%
2.8%
Indianapolis 12-month job growth
4.5%
Indiana unemployment
2.2%
Indiana 12-month job growth
3.8%
Indianapolis unemployment
5.0%
U.S. unemployment
2.0%
U.S. 12-month job growth
Employment Update
Indianapolis | November 2015
For more information, contact: Mike Cagna | Sr. Research Analyst | mike.cagna@am.jll.com | +1 317 810 7358
Brianna Marshall | Research Intern | brianna.marshall@am.jll.com | +1 317 810 7360 ©2015 Jones Lang LaSalle IP, Inc. All rights reserved.
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Total Employment Unemployment
1.8%
Peak: 982,092 jobs
-10.0
-5.0
0.0
5.0
10.0
15.0
20.0
2010 2011 2012 2013 2014 2015
Financial Activities Professional and Business Services Information Government
-15.0
-5.0
5.0
15.0
25.0
2010 2011 2012 2013 2014 2015
Mining, Logging & Construction Trade, Transportation & Utilities
Manufacturing Other Services
-800
-300
-300
1,100
2,200
2,400
2,600
3,600
4,900
12,700
-2,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000
Financial Activities
Information
Mining and Logging
Other Services
Manufacturing
Educational & Health Services
Government
Professional & Business Services
Leisure & Hospitality
Trade, Transportation & Utilities
Industrial employment trends (12-month change) | Indianapolis
Job growth/loss by sector (12-month change) | Indianapolis
Employment statistics | Indianapolis