The Kokomo, Indiana, Metropolitan Statistical Area, consists of Howard County in north-central Indiana.* The city of Kokomo, with an economic base centered around the automotive industry, is the county seat and the most populous city in Howard County.
* MSAs are defined by the U.S. Office of Management and Budget.Click on any quick stat to view details and a comparison table.
The Kokomo Futurecast Event
Tuesday, Nov. 12, 2024
Breakfast served at 7:30 am.
Kelley Student Center – Room 130
2300 S Washington St,
Kokomo, IN 46904
Join us to discuss how the changing economic environment will affect the local region, Indiana and the nation in the coming year.
RegistrationThis event is co-hosted by the IU Kokomo School of Business, the IBRC and the Kelley School of Business.
Throughout 2023, the labor market continued to stabilize and return to normal levels of employment and unemployment. The unemployment rates for most of the region’s counties showed slight increases over the year and stayed in the range between 3% and 4%. The labor force and the numbers of both the employed and unemployed were generally quite steady in 2023.
The economic situation in Kokomo is forecasted to improve in 2024 and 2025. As the other Indiana MSAs see slowing employment growth, the Kokomo MSA is expected to show 4% annual growth in employment over the next two years. The unemployment rate in the Kokomo MSA is expected to decline to around 4% in 2024 and 2025. As the unemployment rates in other areas of the state come closer to long-term average levels, Kokomo is also expected to be closer to the state’s average.
Read the full Kokomo article »Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.