Editor’s Note: The following column appearing in the Saturday edition of the Goshen News authored by Roger Schneider tracks the RV industry’s rebound from the recession and the subsequent growth boom in Elkhart County.
It’s been a wild ride for Indiana’s Elkhart County workers since The Great Recession.
Back then I was watching the monthly recreational vehicle stats and noticed a dip in shipment growth in 2006 and a 9% downturn in 2007. But the dip didn’t seem to indicate the trouble to come.
Then the banking crisis dropped from the sky in 2008 and fell heavily on the industry.
RV shipments fell 32.9% in 2008 and then dropped another 30.1% in 2009.
As a result of those dips, unemployment rocketed here. By March 2009 the jobless rate in the Elkhart-Goshen Metropolitan Statistical Area topped out at 18.9%.
But things have changed drastically for the better. The good times have returned and the RV industry is super hot.
In February the local unemployment rate was 3.3%. “Help wanted” and “hiring now” signs are prevalent in storefronts and along the roads in industrial parks.
During the past few months I have marveled at how far the local economy has come since The Great Recession.
Last week I drove up to Bristol’s new Universal Trailer Corp. factory. While taking the plant tour I marveled at the combination of automation and human skills to produce the company’s cargo trailers. While robotic welders were in use, the machines still had to be fed by hand and human welders were busy joining steel that the robots could not reach.
The company has hired 50 people so far and will be adding more workers as shifts are added.
Genesis Products broke ground March 22 on a 200,000-square-foot facility in the Goshen Industrial Park. The company’s laminated panels are mostly used in the RV industry.