TheIndyChannel.com

Money
Related To Story

Kokomo Reels From Biggest Unemployment Jump In Nation

Numbers Should Improve As Chrysler Workers Go Back To Work

POSTED: 8:05 am EDT July 31, 2009
UPDATED: 8:06 am EDT July 31, 2009

Kokomo has earned the dubious distinction of being in the county with the largest unemployment jump in the country, highlighting difficult times in a city whose biggest employer is Chrysler.

Mayor Greg Goodnight recently returned from a trip to Italy, where he met with company officials to talk about the new Chrysler-Fiat partnership, 6News' Renee Jameson reported.

With an unemployment rate of 19.2 percent, nearly one in five Kokomo residents is out of work, including Jennifer Culp, who lost her job and recently moved back in with her parents.

"I've filled out applications everywhere and called on them," she said. "There's nothing here in town right now."

Although the situation is still dire, the jobless rate should improve quite a bit when new numbers are released. Thousands of Chrysler workers have been returning to work slowly as the company emerged from bankruptcy.

Goodnight said Kokomo's four plants have not been targeted for closure, but many unknowns remain.

"They were very clear that we were part of their future, but they were also very honest and said that everything hinges on the volume of sales and the turnaround of this economy," Goodnight said.

The mayor also met with several companies in Italy who are considering investments in the Midwest, possibly in Indiana.

Two of the companies considering an Indiana investment are a light manufacturer and an alternative energy firm.

The following are comments from our users. Opinions expressed are neither created nor endorsed by TheIndyChannel.com. By posting your comments you agree to accept our Terms of Use. To report an offensive or otherwise inappropriate comment, click the "Flag" link that appears beneath that comment. Flagging a comment will send it to our editorial staff for review.

Links We Like

Sponsored Content
To guard your job security, be sure to avoid these 10 common pitfalls. More

Check out our picks for the most luxurious and unique homes that were on the market in 2009. More

Great sex doesn't happen without some effort, especially in long-term relationships. Find fun ways to add passion to your relationship. More

The following tips can help your car become a less inviting target and slow down, discourage or actually prevent car theft. More

Credit Report

560? 675? 720? The average US Credit Score is 692. What is your score? See it online for FREE! More

Best Local Rates On...



LocalNational

30 Yr Fixed Mortgage5.04%5.04%

48 Mo New Car Loan4.28%6.52%

6 Month CD0.73%0.80%
Help! I don't understand!
More Rates


Sponsored Links

Stock Quotes

Get a Quote
Enter Symbol

Smart Savings

Do you catch yourself counting every penny these days? Find money-saving ideas big and small in our Smart Savings guide. More


E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters