Monday, April 1, 2013

March 2013 Economic Briefing from Indy Chamber

Following is some highlights from the summary provided by the Indy Chamber about the Indianapolis Regional area....


Labor Force

The Indianapolis-MSA unemployment rate saw an increase of 0.8 percent in

January, starting the year at 8.7 percent. Marion County starts 2013 with a

rate of 9.5 percent. That is up 0.8 percent from December. The U.S. seasonally

adjusted rate increased to 7.9 percent from December 2012 to January 2013.

According to the Indiana Department of Workforce Development, while Indiana

experienced significant job gains in January, the 1,000 household survey used

by the U.S. Bureau of Labor Statistics (BLS) indicated the unemployment rate

rose 0.3 percent to 8.6 percent, due to the labor force increasing by nearly

14,000 individuals, more than 10,000 of which returned to look for work over

the month. January’s increase signifies the largest one-month expansion of our

labor force since November 1993.


Recent Announcements

1. On March 26,C eladon Trucking Services, Inc., a subsidiary

of Celadon Group, Inc., announced plans to locate a driving

school in Indianapolis, creating 500 jobs by 2022.

2. On March 12, Tinderbox, Inc., a sales and marketing software

solutions provider, announced plans to expand its operations

here, creating up to 95 new jobs by 2016. Tinderbox plans to

invest $540,000 to grow its cloud-based platform business in

Indianapolis. The homegrown-Hoosier company is actively hiring sales,

client success and support, software development and product 

development positions.


Residential Real Estate

Indianapolis Regional Real Estate Statistics

Indianapolis regional housing data for February 2013, showing an

increase of 28.5% percent in year-over-year closed sales. The region also experienced

an increase in the year-over-year average sales price of 4.8% percent.


Airport Passenger & Cargo Traffic

The number of air passengers at Indianapolis International Airport

decreased slightly in January 2013 as compared to January 2012 by 2.1

percent, while total air cargo increased by 21.1 percent.


IndyGo Fixed Route Ridership

IndyGo saw a decrease in passengers of 4.6 percent over the past

year from February 2012 to February 2013. In the current month,

Indianapolis has seen a decrease of 9.4 percent in passengers.


For more details, graphs, charts go to the link HERE

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