Carmel's Unemployment Rate Drops To 1.2 Percent

Press release from the City of Carmel:

December 21, 2021

CARMEL, IN – The Indiana Department of Workforce Development released labor statistics for cities, towns and counties in Indiana on Monday and Carmel once again saw a drop in the City’s unemployment rate. The rate for November was 1.2, which is down from October’s 1.6. The State of Indiana’s unemployment rate is 3.0 while the national rate is 4.2, both of those are seasonally adjusted.

Carmel’s unemployment rate is the lowest among any city in Indiana with a population of at least 25,000.

Mayor Jim Brainard said having the best unemployment rate in Indiana is a reflection of how the City has been able to attract highly educated residents who are able to fill high-wage jobs created by the City’s 130-plus corporate headquarters and other local business employers.

“These unemployment numbers show that our local economy is strong and that we are benefiting by having built a city with a high quality of life that can attract the professionals – young and old – who are able to fill the thousands of jobs created by our growing corporate community,” said Mayor Brainard. “Recent Census Bureau statistics show that more than 70 percent of our residents have a bachelor's degree or higher and that is why Carmel is the perfect place for corporations to establish their operations here and take advantage of a workforce that can help them grow and be successful.”

Click here to see the full unemployment report for the State of Indiana.

This press release was produced by the City of Carmel. The views expressed here are the author’s own.