Overall unemployment rate moved down to 7.8% with the biggest shift in Manufacturing, which gained 100 roles, based on the most recently available information published in September 2021.
Total employment in the Kokomo, IN market rose by 281 jobs in July and the unemployment rate decreased compared to the prior month by 150 bps to 7.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Kokomo, IN unemployment rate is 214 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 4.6% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Manufacturing: 10,300; +100
- Transportation & Utilities: 6,400; +100
- Government: 4,400; no change
- Restaurants & Hotels: 4,300; no change
- Other Jobs: 1,900; +100
- Construction, Mining: 1,400; no change
- Financial Services: 1,200; no change
- IT & Development: 200; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.