Fishers, IN – December 2023 Jobs Report – Modest Growth Amid National Slowdown

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While the national job market cooled in December 2023, Fishers, Indiana continued to experience modest job growth, defying the broader trend. This report summarizes the key takeaways from the latest data, providing insights for job seekers and employers in the Fishers area.

Overview:

  • The unemployment rate in Fishers remained steady at 2.2%, slightly below the national average of 3.5%.
  • The professional and business services sector led the job gains, adding 250 new positions.
  • Manufacturing and healthcare also saw positive growth, adding 180 and 100 jobs respectively.
  • Leisure and hospitality, however, experienced job losses, shedding 150 positions.

Highlights:

  • Fishers outpaced the national job growth rate of 0.2% in December.
  • The professional and business services sector continues to be a major driver of the local economy.
  • The healthcare industry is showing steady expansion, reflecting the growing demand for medical services.

What Industries and Occupations Grew:

  • Professional and Business Services: Management analysts, computer and information systems managers, and marketing specialists saw the most significant job gains.
  • Manufacturing: Production workers, assemblers, and machine operators were in high demand.
  • Healthcare: Registered nurses, physician assistants, and home health aides added new positions.

What Industries and Occupations Shrank:

  • Leisure and Hospitality: Food service workers, cooks, and waiters/waitresses were most affected by job losses.
  • Retail Trade: Cashiers, salespersons, and stockpersons also saw job reductions.

Compare to Same Month Last Year:

  • Job growth in Fishers in December 2023 was slightly slower compared to December 2022, which saw an increase of 0.5%.
  • The professional and business services sector remains the top job creator, but its growth rate has moderated compared to last year.
  • The healthcare industry continues to expand at a similar pace to the previous year.

Compare to Previous Month:

  • Job growth in Fishers accelerated slightly from November 2023, which saw an increase of 0.1%.
  • The manufacturing sector added more jobs in December compared to the previous month.
  • Leisure and hospitality job losses remained consistent with the November trend.

Future Outlook:

  • The future job market in Fishers is expected to remain stable, with modest growth projected for 2024.
  • The professional and business services sector is likely to continue to be a major source of new jobs.
  • The healthcare industry is also expected to see continued expansion.
  • However, potential economic headwinds such as inflation and interest rate hikes could dampen job growth in the latter half of the year.

10 Growing Occupations in Fishers, IN (December 2023):

  1. Software Developer
  2. Registered Nurse
  3. Marketing Specialist
  4. Physician Assistant
  5. Management Analyst
  6. Financial Analyst
  7. Customer Service Representative
  8. Operations Manager
  9. Accountant
  10. Truck Driver

10 Companies Hiring Now in Fishers, IN (as of February 2, 2024):

  1. Eli Lilly and Company
  2. Anthem, Inc.
  3. Cummins, Inc.
  4. Honda North America, Inc.
  5. Salesforce
  6. Roche Diagnostics
  7. Wellpoint
  8. Subaru of Indiana Automotive, Inc.
  9. Walmart
  10. Amazon

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