Monday, July 18, 2016

Central Indiana Economic Briefing from the Indy Chamber

Central Indiana Economic Briefing from the Indy Chamber
(based on May 2016 data)

Unemployment dropped to 4.0% in Metro Indy and 5.0% in Indiana as a whole.
U.S. current average is 4.7%
Lowest regional rate is Hamilton County at 3.1%
Highest regional rate is Madison County at 4.9%

Employment by Industry (What trades employ Hoosiers most?)
1 - Trade, Transportation & Utility
2 - Professional & Business Services
3 - Education and Health
4 - Government
5 - Retail
6 - Leisure & Hospitality
7 - Manufacturing
8 - Financial
9 - Construction
10 - Wholesale
11 - Information

Japans largest steel producer (Nippon) is adding operations in Shelbyville
Sallie Mae chose Indiana for growth and will be adding 300 jobs

Real Estate:
Listings were down in May by 1.9% (over previous year)
Closings were up 18.6%
Median Sales price is up 3.9% to $159,000
Averages Sale price is up 2.1% to $190,769

Indy Metro continues to be one of the most affordable places to live and do business when comparing to peer cities.
We are below average on all costs except Health Care.
Rating categories include:
Grocery, housing, utilities, transportation, health and goods & services

#IndianaEconomy #Indiana #Employment #RealEstate #IndyChamber

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