Overall unemployment rate moved up to 5.4% with the biggest shift in Government, which gained 100 roles, based on the most recently available information published in April 2023.
Total employment in the Kokomo, IN market declined by 4 jobs in February and the unemployment rate increased compared to the prior month by 70 bps to 5.4%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Kokomo, IN unemployment rate is 151 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -8.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Manufacturing: 8,500; no change
- Transportation & Utilities: 6,200; no change
- Government: 4,500; +100
- Restaurants & Hotels: 4,300; no change
- Other Jobs: 2,100; no change
- Financial Services: 1,200; no change
- Construction, Mining: 1,200; no change
- IT & Development: 200; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.