Indiana Q4, 2019 Employment Statistics

  • 169,468 employers, up 1.9% from 166,361
  • 3,100,537 employees, up 0.5% from 3,084,781
  • $969 average weekly wage, up 3.0% from $941
  • The average weekly wage is 18.2% below the national average
  • The cost of living is 10.0% below the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 3,107, which is an increase of 1.9%. The number of employees in Indiana increased by 15,756, an increase of 0.5%. During this same period, the average weekly wage increased by $28, an increase of 3.0%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 2,989 or 1.9%. Growth in private businesses in Indiana grew slower than the national average of 2.5%. The number of employees in these businesses increased since last years' Q1, increasing by 15,685 or 0.6%. The growth in employees of private businesses in Indiana was slower than the national average of 1.2%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $28 or 2.9%. Growth in average weekly wage of employees of private businesses in Indiana grew slower than the national average of 3.8%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Retail trade with 12.1% of the businesses in the state. The number of businesses in this sector increased by 0.4%. Professional services (11.5%), which increased by 3.1% and Construction (9.1%), which increased by 1.6%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Information1928.9%
Waste services7838.1%
Healthcare7315.3%
Real estate and rental2844.3%
Agriculture and forestry784.1%
Transport and warehousing2263.8%
Utilities153.2%
Professional services5923.1%
Manufacturing2572.9%
Accommodation and food services3622.7%
Arts and entertainment572.5%
Educational services382.0%
Finance and insurance2022.0%
Construction2421.6%
Retail trade830.4%
Other services220.2%
Mining and oil extraction-3-0.9%
Wholesale trade-292-2.1%
Company management-41-3.1%


Employees by Sector

The sector with the greatest number of employees in the state is Manufacturing with 17.3% of the employees in the state, had a decrease in employees of -1.3% in the last year. Healthcare (13.5%), increased by 1.8% and Retail trade (10.4%), decreased by 1.4%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Transport and warehousing7,0235.0%
Arts and entertainment1,3073.3%
Professional services3,3032.7%
Agriculture and forestry4142.7%
Construction3,3432.3%
Real estate and rental7892.2%
Healthcare7,3151.8%
Company management5521.6%
Wholesale trade1,6361.3%
Other services1,0501.2%
Finance and insurance1,1021.1%
Accommodation and food services2,0540.8%
Waste services-936-0.5%
Utilities-73-0.5%
Manufacturing-6,966-1.3%
Retail trade-4,446-1.4%
Educational services-774-1.5%
Mining and oil extraction-94-1.6%
Information-569-2.0%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Company management paying $1,773per week compared with the state average of $978. Weekly wages in this sector rose by $13 or 0.7%. Utilities ($1,772), rose by $5 or 0.3% and Mining and oil extraction ($1,563) increased by $117 or 8.1% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Mining and oil extraction$1178.1%
Finance and insurance$745.5%
Arts and entertainment$435.4%
Educational services$405.2%
Waste services$284.2%
Agriculture and forestry$323.9%
Healthcare$373.8%
Construction$433.5%
Retail trade$173.1%
Accommodation and food services$103.0%
Real estate and rental$283.0%
Manufacturing$332.7%
Other services$182.7%
Information$292.4%
Wholesale trade$261.9%
Transport and warehousing$131.4%
Company management$130.7%
Utilities$50.3%
Professional services$-21-1.4%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In Indiana. the industry with the most businesses is Restaurants and other eating places with 6.3% of the businesses in the state (with 10,684 employing 223,410 workers). The Restaurants and other eating places industry had 287 more businesses, an increase of 2.8% in the last year. Computer systems design and related services (2.7% of businesses) added 90 businesses, an increase of 2.0% and Management consulting services (2.2% of businesses) added 261 businesses, an increase of 7.5% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Small electrical appliance manufacturing375.0%
General medical and surgical hospitals8268.9%
Nonwoven fabric mills360.0%
Battery manufacturing360.0%
Other credit intermediation activities7049.6%
Apiculture342.9%
Turkey production1242.9%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Temporary help services55736.9%
Restaurants and other eating places2872.8%
Management consulting services2617.5%
Offices of real estate agents and brokers1538.0%
Services for the elderly and disabled12625.8%
Offices of physicians1074.3%
Computer systems design and related services902.0%


Employees by Industry

Computer systems design and related services (2.7% of employees) added 90 employees, an increase of 2.0% and Management consulting services (2.2% ofemployees) added 261 employees, an increase of 7.5% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Footwear merchant wholesalers158240.8%
Political organizations2068.8%
Local messengers and local delivery64963.3%
Printing ink manufacturing3061.5%
Support activities for mining23655.4%
Construction machinery manufacturing29654.3%
Fish and seafood merchant wholesalers2047.7%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
General warehousing and storage4,94611.4%
General medical and surgical hospitals2,7372.4%
Computer systems design and related services1,9316.9%
Couriers and express delivery services1,5468.3%
Offices of physicians1,4462.7%
Pharmaceutical and medicine manufacturing1,4228.3%
Restaurants and other eating places1,1460.5%


Average Weekly Wage by Industry

The industry that pays their employees the most is Investment banking and securities dealing, paying $4,531 compared with the state average of $978. Employees in the Investment banking and securities dealing industry were paid $1,064 more per week, an increase of 30.7% in the last year. Spectator sports ($4,373) and Sound recording studios ($3,586) round out the top 3 industries. Employees in the Spectator sports ($4,373 per week) were paid $273 more per week, an increase of 6.7% and Sound recording studios ($3,586 per week) were paid $756 more per week, an increase of 26.7% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Business to business electronic markets$1,200114.2%
Other financial vehicles$55775.9%
Political organizations$43362.3%
Men's and boys' clothing merchant wholesalers$79253.3%
Horses and other equine production$23145.8%
Security systems services$41135.2%
Radio broadcasting$27834.7%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Business to business electronic markets$1,200114.2%
Investment banking and securities dealing$1,06430.7%
Men's and boys' clothing merchant wholesalers$79253.3%
Sound recording studios$75626.7%
Refined petroleum product pipeline transport.$66132.0%
Other financial vehicles$55775.9%
Political organizations$43362.3%


Company Size

Indiana Businesses by Size

The solopreneur company, has the most businesses in Indiana. 54.9% of all businesses in the state have fewer than 5 employees. The 154,732 small businesses in the state represent 94.3% of all private businesses. The national average is 91.2%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Indiana added 2,574 businesses in the last year, an increase of 1.6% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 2,452 businesses in the last year, which is an increase of 1.6% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 107 businesses in the last year, which is an increase of 1.2% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses added 15 businesses in the last year, which is an increase of 3.5% as compared to the national average of 2.1%.



Indiana Employees by Business Size

Indiana added 132,422 employees in the last year, an increase of 5.3% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 74,795 businesses in the last year, which is an increase of 93.6% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 15,269 employees in the last year, which is an increase of 1.5% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 42,358 employees in the last year, which is an increase of 8.7% as compared to the national average of 9.2%.

Indiana Avg Weekly Wages by Business Size

Indiana workers in every size business are paid less than the national average. The smallest companies in Indiana (those with fewer than 5 employees) pay workers 3.0% less than the national average ($976 per week as compared to the national average of $1,005 per week). The largest companies in Indiana (those with more than 1,000 employees) pay 22.7% workers below the national average ($1,559 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses added $42 per week in the last year, which is an increase of 1.3% as compared to the national average of 3.1%. Employees of mid-sized businesses added $28 in wages per week in the last year, which is an increase of 1.0% as compared to the national average of 1.3%.

Employees of large businesses added $21 of weekly wages in the last year, which is an increase of 0.8% as compared to the national average of 2.1%.

Top Industries for Business and Employment

The table below illustrates the largest industries in the state, by number of businesses:

Table: Top 10 Industries by # of Businesses
Industry# Businesses% Change
Restaurants and other eating places10,6842.8%
Computer systems design and related services4,6042.0%
Management consulting services3,7327.5%
Residential building construction3,4231.3%
Insurance agencies and brokerages3,2671.3%
Wholesale trade agents and brokers2,775-15.8%
Offices of physicians2,6044.3%
Gasoline stations with convenience stores2,5062.2%
Offices of lawyers2,4920.5%
Landscaping services2,3223.2%


The table below illustrates the largest industries in the state, by number of employees:

Table: Top 10 Industries by # of Employees
Industry# Employees% Change
Restaurants and other eating places223,4100.5%
General medical and surgical hospitals118,0792.4%
Temporary help services84,361-2.5%
General merchandise stores including warehouse clubs and supercenters59,401-1.4%
Offices of physicians56,1292.7%
General warehousing and storage48,13711.4%
Nursing care facilities skilled nursing46,407-1.7%
Motor vehicle body and trailer manufacturing40,789-4.5%
General freight trucking long-distance35,928-1.9%
Supermarkets and other grocery stores35,527-1.8%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Investment banking and securities dealing$4,53130.7%
Spectator sports$4,3736.7%
Sound recording studios$3,58626.7%
Refined petroleum product pipeline transport.$2,72732.0%
Miscellaneous intermediation$2,410-0.3%
Asphalt paving and roofing materials mfg.$2,3937.8%
Securities brokerage$2,384-0.7%
Transport. goods merchant wholesalers$2,3319.5%
Software publishers$2,29117.7%
Pharmaceutical and medicine manufacturing$2,2890.6%




Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.