Jobless figures improve in September

Local News

Discussion

October 21, 2009

Kokomo’s rate still ranks among state’s highest

By K.O. Jackson The Kokomo Tribune Wed Oct 21, 2009, 11:29 PM EDT

Although Kokomo’s unemployment rate dropped in September to 11.6 percent — down from August’s 12.3 percent — it still leaves the City of Firsts with the third-highest rate among Indiana cities with populations greater than 20,000.

Furthermore, according to the U.S. Bureau of Labor Statistics, Howard County’s rate also fell in September to 11.9 percent, down from 12.6 in August.

Any decrease in the unemployment rate is “great, good news,” said Jeb Conrad, president and CEO of the Greater Kokomo Economic Development Alliance.

But there is still another benchmark the county needs to reach, Conrad added.

“This is great. It is getting us closer to the state’s average. Our goal is to surpass the state’s rate,” said Conrad, adding Indiana’s unemployment rate fell to 9.6 percent in September, down from August’s 9.9 percent jobless rate.

Since April, Indiana’s unemployment rate had been higher than 10 percent until it dropped to August’s rate.

“I think the major impact to this is the stabilization of employment at Chrysler and Delphi. People have disposable income and that impacts the supply chain and the service industries.

“It’s great people are back to work. In the service industry, that allows them to maintain or add a small amount of staff. Another thing is unemployment benefits for some people have run out and they have either moved on or found new jobs. Stir all that together, and that would help drive down the unemployment rate.”

Yet, having a high unemployment rate doesn’t mean businesses aren’t interested in Kokomo.

Even when Kokomo had the nation’s highest unemployment rate this summer at 19 percent, Conrad said a client in the food and beverage industry still found Kokomo attractive as a possible new location for expanding his business.

“We showed up on his list because of our above-average [unemployment] rate and that we are an area known for the automotive industry and advanced manufacturing,” said Conrad. “He wants to expand in the Midwest. He knew we had an available workforce. He knew we had skilled workers with strong training who are dependable and hungry. We are doing all the right things to keep the unemployment rate down.”

Tipton County, which is included in Kokomo’s metropolitan statistics, also experienced a drop in its unemployment rate in September.

Tipton’s September rate was 10.3 percent, down from August’s 11.1 percent.

“In the business community, I see confidence building because the banks have loosened up with their money allowing our businesses to go forward with their plans and expand,” said Gayle Van Sessen, executive director of Tipton County Economic Development.

“With the banks being less tight with money, that creates a chain reaction by creating more jobs and allowing businesses to expand. We are happy where we are but we expect it to continue and get better.”

September’s unemployment drop was seen statewide in the creation of jobs. According to the U.S. Labor Department, by adding 4,400 jobs, Indiana had the nation’s largest employment increase.

• K.O. Jackson is the Kokomo Tribune’s business writer. He can be reached at (765) 854-6739 or via e-mail kirven.jackson@kokomotribune.com

Text Only | Photo Reprints

Local News

Entire U.S. 31 corridor now under contract
Every segment of the 13.1-mile, U.S. 31 Kokomo Corridor is now officially under construction.

May 25, 2012 1 Photo
Northwestern to graduate 130 seniors
Peyton Hite ended her last day in high school by going home and washing sheep.

“It’s part of living on a farm,” she said, with a laugh.

May 25, 2012
Drugs, cash seized, four arrested
Police from four agencies seized heroin, pills, syringes and cash, and arrested four people this week after a raid on a house on East Street, according to police reports.

May 25, 2012 1 Photo
Lafayette job fair expects Kokomo hopefuls
Organizers of a Lafayette job fair next week are reaching out to Kokomo residents looking for work.

May 25, 2012
Deputy prosecutor facing two charges
A Howard County deputy prosecutor will face two drunken-driving charges in connection with a traffic stop in Cicero.

May 25, 2012
Governor honors student
A Northwestern High School senior achieved a milestone Thursday when he became the first Indiana student ever to win both of the state’s top science awards.

May 25, 2012 1 Photo
Taylor considering staff reductions
A decline in enrollment has forced Taylor School Corp. to consider staff reductions, but the board won’t vote on the issue until next week, officials said Thursday.

May 25, 2012
Schools among top 20 in Indiana
Three area schools were ranked among the top 20 in Indiana this year by U.S. News and World Report.

Tri-Central Middle/High School, Eastern Junior-Senior High School and Tipton High School all made the list, which was an evaluation of 379 high schools across the state.

May 25, 2012
Library starts iPad rental program
Apple can’t make enough iPads to satisfy demand, but the Kokomo-Howard County Public Library now owns 15 iPad2 units.

Thursday, social media-conscious library patrons scrambled to borrow the tablet computers, on the first official day of the library’s iPad lending program.

May 25, 2012 1 Photo
Gov. names NW student 'Mr. Science' for 2012
Tyler Barnes becomes first Indiana student to be named Indiana's Top Young Scientist and Mr. Science.

May 24, 2012
More Local News Headlines

Local News

Search Results

Discussion

Jobless figures improve in September

Kokomo’s rate still ranks among state’s highest

Site Map

Contact Us