Banks city: Unemployment Rate Trend
How Banks city's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
4.8%
2023
8.5%
Total change
+3.7 pp
% change
+77.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.8% | — |
| 2019 | 3.0% | -1.8 pp (-37.5%) |
| 2020 | 8.9% | +5.9 pp (196.7%) |
| 2021 | 7.8% | -1.1 pp (-12.4%) |
| 2022 | 7.9% | +0.1 pp (1.3%) |
| 2023 | 8.5% | +0.6 pp (7.6%) |