Kokomo, Indiana Unemployment
The BLS reported that the unemployment rate for Kokomo fell 0.0 percentage points in September 2023 to 5.0%. For the same month, the metro unemployment rate was 1.4 percentage points higher than the Indiana rate. The unemployment rate in Kokomo peaked in April 2020 at 30.6% and is now 25.6 percentage points lower. From a post peak low of 4.6% in May 2022, the unemployment rate has now grown by 0.4 percentage points. You can also compare Kokomo unemployment with unemployment in other cities.
| Unemployment Rate | September 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.8% | 0.0 | +0.3 |
| Indiana | 3.6% | +0.2 | +0.4 |
| Kokomo | 5.0% | 0.0 | +0.2 |
Unemployment Rate: Kokomo, Indiana, National
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 11,398 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 96.
| Unemployed Persons | September 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Kokomo | 1,632 | -3 | +49 |
Number of Unemployed Persons
Kokomo, Indiana Unemployment History
| Date | National Unemployment Rate |
Indiana Unemployment Rate |
Kokomo Unemployment Rate |
Kokomo Unemployed |
|---|---|---|---|---|
| October 2023 |
3.9% | 3.6% | — | — |
| September 2023 |
3.8% | 3.6% | 5.0% | 1,632 |
| August 2023 |
3.8% | 3.4% | 5.0% | 1,635 |
| July 2023 |
3.5% | 3.3% | 4.9% | 1,607 |
| June 2023 |
3.6% | 3.2% | 4.9% | 1,618 |
| May 2023 |
3.7% | 3.1% | 5.1% | 1,682 |
| April 2023 |
3.4% | 3.0% | 4.9% | 1,636 |
| March 2023 |
3.5% | 3.1% | 4.9% | 1,628 |
| 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 |
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. ↩
Department of Numbers
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