Elk River city: Unemployment Rate Trend
How Elk River 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
4.5%
2023
2.7%
Total change
-1.8 pp
% change
-40%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 4.5% | — |
| 2019 | 4.5% | +0.0 pp (0%) |
| 2020 | 2.6% | -1.9 pp (-42.2%) |
| 2021 | 2.2% | -0.4 pp (-15.4%) |
| 2022 | 2.0% | -0.2 pp (-9.1%) |
| 2023 | 2.7% | +0.7 pp (35%) |