Covington city: Unemployment Rate Trend
How Covington 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
7.3%
2023
4.0%
Total change
-3.3 pp
% change
-45.2%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 7.3% | — |
| 2019 | 1.8% | -5.5 pp (-75.3%) |
| 2020 | 4.4% | +2.6 pp (144.4%) |
| 2021 | 3.5% | -0.9 pp (-20.5%) |
| 2022 | 3.0% | -0.5 pp (-14.3%) |
| 2023 | 4.0% | +1.0 pp (33.3%) |