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Construction jobs growing, hotels cutting back, report says

May 8, 2007

Central Indiana's non-residential construction industry is growing faster than the nation's. That's one of several observations to be found in three sector-specific reports the Indiana Private Industry Council Inc. will release at a summit Wednesday at the Westin Hotel downtown. The "e3 summit" also will host panels of experts in each field to talk about the job trends.

The report also found that overall employment in the finance and insurance sectors here is stable but that the types of jobs are changing. And IPIC will release data showing the retail and hospitality sector is cutting headcount to save money.

The reports list positions in each field that are expected to see the most growth.
Construction most needs general and operations managers and construction managers. While the jobs pay above the region's average, the industry outlook is difficult to predict.

In finance and insurance, researchers found consistent employment levels but a change in the types of jobs available. The loss of several bank headquarters is being offset by job growth in branches opening in the suburbs.

Demand for bank tellers is high. However, while offering flexibility, the position doesn't pay well or offer much room for advancement. Claims adjustors and personal financial advisers also are needed.

In retail and hospitality, many stores, restaurants and hotels are cutting jobs by finding more efficient ways to provide services. In Marion County, nearly 5,000 retail jobs and 5,000 hospitality jobs were lost from 2000 to 2005.

With several new hotels coming online with the expansion of the Indiana Convention Center downtown, the outlook for that sector is positive. The main openings for jobs requiring training should be for bookkeepers, managers and administrative support.
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