October 2009

Indianapolis Economy Ready for a Comeback?

A recent study indicated that 40 cities across America are ready to make a comeback , economy-wise; Indianapolis was listed as one of these. It was also listed as one of the cities with the least economic impact during the past two years. The entire study was based on employment, home prices, job growth, and overall economic growth.

And though the city still has more people unemployed than usual, it’s below the national average. The state added another 4,700 jobs recently overall, droppings it unemployment rate from nearly 10% to 9.3%. Of these jobs, most were in manufacturing, while others were in the business or professional service industry.