Beachwood borough: Unemployment Rate Trend
How Beachwood borough'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
6.7%
2023
2.9%
Total change
-3.8 pp
% change
-56.7%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 6.7% | — |
| 2019 | 5.7% | -1.0 pp (-14.9%) |
| 2020 | 4.5% | -1.2 pp (-21.1%) |
| 2021 | 3.9% | -0.6 pp (-13.3%) |
| 2022 | 4.2% | +0.3 pp (7.7%) |
| 2023 | 2.9% | -1.3 pp (-31%) |