Oil prices drive highest jobless increases in Indiana

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BY KEITH BENMEN
kbenman@nwitimes.com
219.933.3326 | Wednesday, August 27, 2008 | (2 comment(s))

Two areas of Indiana with industries hard hit by high oil prices recorded the largest year-over-year increases in unemployment in the nation in July.

The non-seasonally adjusted unemployment rate in the Elkhart area hit 9.3 percent in July, which was a 4.8 percent increase from one year ago, according to the U.S. Bureau of Labor Statistics.

The non-seasonally adjusted unemployment rate in the Kokomo area hit 9.2 percent, which was a 4.4 percent increase from one year ago.

Elkart is home to recreational vehicle manufacturers that have been hard hit by declining sales as people shy away from buying the big gas-guzzling vehicles. Kokomo is an auto manufacturing center hard hit by the troubles of American auto makers.

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JC wrote on Aug 27, 2008 1:12 PM:

" Yeah, I'm glad our prices at the pump are going down....this is BS, the government should have stepped in already to reduce the prices and stop the gouging. This is killing the economy and the US. Now with strike talks at the mills, what's going to happen...? "

Intellegence wrote on Aug 27, 2008 10:30 AM:

" They have to of known this was going to happen. Don't tell me they didnt! "

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