Banner Elk town: Unemployment Rate Trend
How Banner Elk town'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
16.2%
2023
5.6%
Total change
-10.6 pp
% change
-65.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 16.2% | — |
| 2019 | 17.5% | +1.3 pp (8%) |
| 2020 | 16.1% | -1.4 pp (-8%) |
| 2021 | 11.6% | -4.5 pp (-28%) |
| 2022 | 6.8% | -4.8 pp (-41.4%) |
| 2023 | 5.6% | -1.2 pp (-17.6%) |