Banks Springs CDP: Unemployment Rate Trend
How Banks Springs CDP'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
16.3%
2023
7.7%
Total change
-8.6 pp
% change
-52.8%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 16.3% | — |
| 2019 | 23.4% | +7.1 pp (43.6%) |
| 2020 | 0.0% | -23.4 pp (-100%) |
| 2021 | 9.3% | +9.3 pp (0%) |
| 2022 | 19.1% | +9.8 pp (105.4%) |
| 2023 | 7.7% | -11.4 pp (-59.7%) |