Indianapolis, IN – January 2024 Job Market Report – Hiring Heats Up in the Circle City

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This report provides a detailed analysis of the Indianapolis job market for January 2024, drawing insights from various sources.


The Indianapolis job market kicked off 2024 with positive momentum. Hiring activity increased across several sectors, indicating a robust and growing economy. The unemployment rate for the Indianapolis metropolitan area remained steady compared to December 2023.


  • Increased hiring activity across multiple industries, particularly healthcare, professional & business services, and manufacturing.
  • Continued strength in blue-collar jobs, particularly in skilled trades like construction and maintenance.
  • Growth in tech and IT sectors, reflecting Indianapolis’s growing reputation as a tech hub.

What Industries and Occupations Grew:

  • Healthcare: Hospitals, nursing homes, and ambulatory healthcare providers reported significant job growth. Registered nurses, licensed practical nurses, and home health aides were in high demand.
  • Professional & Business Services: Accounting, financial services, and management consulting firms actively recruited talent. Financial analysts, accountants, and management analysts saw increased job openings.
  • Manufacturing: The manufacturing sector continued its steady expansion, particularly in automotive and life sciences. Production workers, machine operators, and industrial engineers were in high demand.
  • Construction: The construction industry saw continued job growth, fueled by commercial and residential development projects. Construction laborers, carpenters, and electricians were in high demand.
  • Technology & IT: The tech sector remained a bright spot in the Indianapolis job market. Software developers, systems analysts, and cybersecurity specialists saw increased job opportunities.

What Industries and Occupations Shrank:

  • Retail: The retail sector continued to experience job losses as consumers shift towards online shopping. Cashiers, retail salespersons, and stock clerks were impacted.
  • Leisure & Hospitality: While the hospitality industry showed signs of recovery, it still faced challenges. Food service workers and cooks experienced slower job growth compared to other sectors.

Compare to Same Month Last Year:

Compared to January 2023, the Indianapolis job market saw significant improvement. The unemployment rate decreased, and hiring activity was stronger across most sectors.

Compare to Previous Month:

The January 2024 job market report showed positive growth compared to December 2023. Hiring activity increased, and the unemployment rate remained steady.

Future Outlook:

The Indianapolis job market is expected to remain stable and potentially grow in 2024. Continued investment in infrastructure projects, healthcare, and technology is likely to drive job creation. However, potential economic headwinds and disruptions in global supply chains could impact the job market later in the year.

10 Growing Occupations:

  1. Wind Turbine Service Technicians
  2. Solar Photovoltaic Installers
  3. Home Health Aides
  4. Database Administrators
  5. Software Developers, Applications
  6. Physician Assistants
  7. Medical Assistants
  8. Nurse Practitioners
  9. Cybersecurity Analysts
  10. Marketing Managers

10 Companies Hiring Now:

  1. Eli Lilly and Company
  2. Anthem, Inc.
  3. Cummins Inc.
  4. Salesforce
  5. Rolls-Royce North American Technologies, Inc.
  6. Anthem Insurance Companies, Inc.
  7. WellCare Health Plans, Inc.
  8. Roche Diagnostics Corporation
  9. IU Health
  10. Simon Property Group, Inc.