Department of Numbers

Kokomo, Indiana Unemployment

The BLS reported that the unemployment rate for Kokomo rose 0.1 percentage points in March 2023 to 4.9%. For the same month, the metro unemployment rate was 1.8 percentage points higher than the Indiana rate. The unemployment rate in Kokomo peaked in April 2020 at 30.6% and is now 25.7 percentage points lower. From a post peak low of 4.6% in May 2022, the unemployment rate has now grown by 0.3 percentage points. You can also compare Kokomo unemployment with unemployment in other cities.

Unemployment Rate March 2023 Month/Month Year/Year
National 3.5% -0.1 -0.1
Indiana 3.1% 0.0 +0.3
Kokomo 4.9% +0.1 +0.1
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with March 2023 data as April metro level unemployment data has not yet been released.

Unemployment Rate: Kokomo, Indiana, National

Kokomo, Indiana monthly unemployment rate chart

Note: Recessions shown in gray.

Kokomo, Indiana Unemployed

The number of people unemployed in Kokomo peaked in April 2020 at 13,030. There are now 11,403 fewer people unemployed in the metropolitan area. From a recent trough of 1,536 in June 2022, the number of unemployed has now grown by 91.

Unemployed Persons March 2023 Month/Month Year/Year
Kokomo 1,627 +25 +12

Number of Unemployed Persons

Kokomo, Indiana Unemployment History

Date National
Unemployment Rate
Indiana
Unemployment Rate
Kokomo
Unemployment Rate
Kokomo
Unemployed
April
2023
3.4%
March
2023
3.5% 3.1% 4.9% 1,627
February
2023
3.6% 3.1% 4.8% 1,602
January
2023
3.4% 3.1% 4.8% 1,574
December
2022
3.5% 3.1% 4.8% 1,600
November
2022
3.6% 3.2% 4.8% 1,603
October
2022
3.7% 3.2% 4.8% 1,600
September
2022
3.5% 3.2% 4.8% 1,583
August
2022
3.7% 3.1% 4.7% 1,560
July
2022
3.5% 3.0% 4.6% 1,541
June
2022
3.6% 2.9% 4.6% 1,536
May
2022
3.6% 2.9% 4.6% 1,549

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.