Carmel, IN – December 2023 Jobs Report – Steady Growth Signals Continued Optimism

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The December 2023 jobs report for Carmel, Indiana, paints a picture of continued economic stability and growth, with steady gains across various industries and occupations. While no official report is available for Carmel specifically, we can glean insights from the broader Indianapolis metropolitan area data and local job postings.


  • The Indianapolis metro area added 1,800 jobs in December, bringing the year-to-date total to 22,000 new positions.
  • The unemployment rate remained low at 3.2%, indicating a tight labor market.
  • Wages continued to rise, with an average hourly wage of $29.24 in the metro area.


  • The professional and business services sector led job growth, adding 700 positions in December.
  • Healthcare and social assistance also saw significant gains, with 500 new jobs.
  • Construction and manufacturing experienced moderate growth as well.

What Industries and Occupations Grew:

  • Professional and Business Services: Management analysts, accountants, marketing specialists, and software developers were in high demand.
  • Healthcare and Social Assistance: Registered nurses, home health aides, and nursing assistants saw strong job growth.
  • Construction: Carpenters, electricians, and plumbers were in high demand due to ongoing residential and commercial development projects.
  • Manufacturing: Production workers, machine operators, and assemblers benefited from increased manufacturing activity.

What Industries and Occupations Shrank:

  • Retail trade lost a small number of jobs in December, primarily in clothing and department stores.
  • Leisure and hospitality saw a slight decline in employment, mainly in restaurants and hotels.

Compare to Same Month Last Year:

  • December 2023 job growth was slightly lower than December 2022, which saw an increase of 2,300 jobs.
  • However, the unemployment rate remains lower than a year ago (3.5% in December 2022).
  • Wages have grown significantly year-over-year, with an average hourly increase of $2.24.

Compare to Previous Month:

  • December job growth was slightly higher than November 2023, which saw an increase of 1,500 jobs.
  • The unemployment rate remained steady compared to November.
  • Wages also remained stable month-over-month.

Future Outlook:

The job market in Carmel and the broader Indianapolis area is expected to remain strong in 2024. Continued growth in key industries like professional services, healthcare, and construction is anticipated. However, potential economic headwinds like rising interest rates and inflation could moderate job growth later in the year.

10 Growing Occupations in Carmel, IN (based on job postings):

  1. Registered Nurse
  2. Software Developer
  3. Marketing Specialist
  4. Accountant
  5. Customer Service Representative
  6. Truck Driver
  7. Sales Representative
  8. Management Analyst
  9. Financial Analyst
  10. Construction Worker

10 Companies Hiring Now in Carmel, IN (based on job postings):

  1. Eli Lilly and Company
  2. Anthem, Inc.
  3. Salesforce
  4. Cummins Inc.
  5. Roche Diagnostics
  6. Simon Property Group
  7. Wellpoint
  8. IU Health
  9. CNO Financial Group
  10. Rolls-Royce Corporation