When it comes to the Recovery Act, Americans either love it or they hate it. However there may be more lovers than haters in Kokomo, Indiana as Recovery Act funding has made a big impact on the economy in that city. When the auto industry starting closing down plants and laying off workers, the economy in the city took a drastic hit. In 2009, the unemployment rate in the city topped 20 percent, one of the highest in the nation.
As of September 2010, the unemployment rate was down to 12 percent. While this is still above the national average of 9.6 percent for the month, it is a significant improvement. This jump in employment is due, in part, to Recovery Act funding. While the area still has a ways to go, the economy is steadily improving and that is a bit of good news for Kokomo residents.
Photo: The White House/Flickr