Tuesday, October 14, 2008

Unemployment in Elkhart

A very interesting article in the NY Times concerning the economic tornado. Here's an excerpt...

Elkhart, near the Michigan border in an area known as Michiana, is the white-hot center of the meltdown of the American economy. Its main industries, the manufacturing of recreational vehicles and motor homes, have fallen apart over the last year because of high gasoline prices. That has taken down ancillary businesses like R.V. parts suppliers and storage warehouses.

The jobless rate in Elkhart has increased more than in any metropolitan area in the country; it rose over 4.8 percentage points from August 2007 to August 2008. According to labor statistics released this summer, nearly 10,000 people were out of work, a rate of 9.3 percent.
Go here to read full article.

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