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
5.6%
2023
2.4%
Total change
-3.2 pp
% change
-57.1%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 5.6% | — |
| 2019 | 3.1% | -2.5 pp (-44.6%) |
| 2020 | 2.7% | -0.4 pp (-12.9%) |
| 2021 | 3.4% | +0.7 pp (25.9%) |
| 2022 | 2.6% | -0.8 pp (-23.5%) |
| 2023 | 2.4% | -0.2 pp (-7.7%) |