Budd Lake CDP: Unemployment Rate Trend
How Budd Lake 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
4.6%
2023
5.8%
Total change
+1.2 pp
% change
+26.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.6% | — |
| 2019 | 3.2% | -1.4 pp (-30.4%) |
| 2020 | 3.8% | +0.6 pp (18.7%) |
| 2021 | 5.5% | +1.7 pp (44.7%) |
| 2022 | 5.7% | +0.2 pp (3.6%) |
| 2023 | 5.8% | +0.1 pp (1.8%) |